Jacobs (J) Reports Q4, Announces Cost Optimization Plan, Seeks 300 bp Margin Improvement
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Jacobs (J) cut at Raymond James on execution risk
November 22, 2023 10:31 AM ESTRaymond James analyst Brian Gesuale downgraded the shares of Jacobs (NYSE: J) to Market Perform from Outperform, removing its price target on the stock.
Gesuale told investors in a note that they are downgrading the stock due to the execution risk, adding that the extended payoff outweighs the core business strength.
"We are reducing our rating on J to Market Perform given an increased execution risk with the Reverse Morris... More
