Wunderlich Lowers URS Corp. (URS) Price Target to $46
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Wunderlich Securities lowers its price target on URS Corp. (NYSE: URS) from $51 to $46. Maintains Hold.
Wunderlich analyst says, "We are lowering our URS Corp. 2010 earnings per share estimate to $3.15 from $3.30, reflecting our concern that a slow economic recovery will have a more meaningful impact on activity in URS's private sector business and that lagging tax receipts will impact state spending through 2010." The firm's new price target reflects "both lower earnings expectations and a modestly reduced multiple assumption."
To see more analyst ratings on URS Click Here.
URS Corporation provides engineering, construction, and technical services to the power, infrastructure, Federal, and industrial and commercial market sectors in the United States and internationally.
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