Oppenheimer Maintains a 'Perform' on URS Corp (URS); Raising Numbers as Flint Offers Potential Upside
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Price: $52.73 --0%
Rating Summary:
5 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
5 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Oppenheimer maintains a 'Perform' on URS Corp (NYSE: URS) price target raised from $43 to $48.
Oppenheimer analyst said, "We maintain our rating on URS shares, balancing potential from URS's strategic expansion into Oil & Gas via its acquisition of Flint Energy (expected to close 2Q12), with relatively stagnant revenue growth expectations in Federal and a surprisingly cautious I&C outlook for '12."
"Our '12E revenue ($10.0B) and EPS ($4.00) expectations are at URS' guidance midpoints, and we introduce our '13E EPS of $4.30 (+7.5% y/y). Both exclude the pending Flint acquisition which is expected to be 20-30c accretive in 2012."
For an analyst ratings summary and ratings history on URS Corp click here. For more ratings news on URS Corp click here.
Shares of URS Corp closed at $44.28 yesterday.
Oppenheimer analyst said, "We maintain our rating on URS shares, balancing potential from URS's strategic expansion into Oil & Gas via its acquisition of Flint Energy (expected to close 2Q12), with relatively stagnant revenue growth expectations in Federal and a surprisingly cautious I&C outlook for '12."
"Our '12E revenue ($10.0B) and EPS ($4.00) expectations are at URS' guidance midpoints, and we introduce our '13E EPS of $4.30 (+7.5% y/y). Both exclude the pending Flint acquisition which is expected to be 20-30c accretive in 2012."
For an analyst ratings summary and ratings history on URS Corp click here. For more ratings news on URS Corp click here.
Shares of URS Corp closed at $44.28 yesterday.
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