DA Davidson Upgrades URS Corp (URS) to Buy; Shares Represent Opportunity at Discounted Valuation

After Friday's (4/8) Close, DA Davidson upgraded URS Corp (NYSE: URS) from Neutral to Buy. PT increased to $60.

DA analyst says, "Recent financial results and outlook for URS have improved as a result of contributions from completed acquisitions, and an initial recovery in planning for capital spending. Furthermore, we expect growth momentum to remain strong through 2011 driven by interest in new/upgraded power generation in response to ongoing maintenance needs and the impact of more restrictive emission controls and safety concerns. Although government spending is likely to remain under pressure over the near term as result of budget constraints, the recent political compromise at the Federal level and slowly recovering tax receipts at the local level should support a longer-term recovery."

For more ratings news on URS Corp click here and for the rating history of URS Corp click here.

Shares of URS Corp closed at $45.07 yesterday.

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