Goldman Sachs Trims Price Target On Jacobs Engineering (JEC), Ups Estimates

July 27, 2011 11:51 AM EDT
Get Alerts JEC Hot Sheet
Price: $85.84 --0%

Rating Summary:
    23 Buy, 7 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 19 | New: 15
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Goldman Sachs lowered its price target on Neutral-rated Jacobs Engineering (NYSE: JEC) from $56 to $52 following Q3 results

Goldman said execution was solid but end market outlook is still mixed.

The firm increased FY11/FY12E EPS to $2.60/$3.00 from $2.50/$2.95.

For more ratings news on Jacobs Engineering click here and for the rating history of Jacobs Engineering click here.

Shares of Jacobs Engineering closed at $41.23 yesterday.


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