Deutsche Bank Starts Jacobs Engineering (JEC) at Hold

May 9, 2013 7:17 AM EDT Send to a Friend
Get Alerts JEC Hot Sheet
Price: $43.99 +0.48%

Rating Summary:
    13 Buy, 12 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 17 | New: 16
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Deutsche Bank initiates coverage on Jacobs Engineering (NYSE: JEC) with a Hold. PT $56.00.

The analysts commented, "We believe risk-reward is balanced as the company's exposure to some of the faster growing markets such as oil & gas and chems is offset by headwinds in some of the less attractive markets such as mining and government. We expect JEC to be one of the key beneficiaries of the strong oil & gas ($100 billion opp in Canadian Oil sands) and petrochems capex outlook in North America and the Middle East. JEC will likely benefit from the 9 to 10 potential new ethylene projects (through derivatives) that have been announced and are in various phases of development."

For an analyst ratings summary and ratings history on Jacobs Engineering click here. For more ratings news on Jacobs Engineering click here.

Shares of Jacobs Engineering closed at $51.45 yesterday.

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