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   <title>Deutsche Bank Upgrades ACS Actividades de Construccion y Servicios SA (ACS:SM) (ACSAY) to Buy</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Deutsche+Bank+Upgrades+ACS+Actividades+de+Construccion+y+Servicios+SA+%28ACS%3ASM%29+%28ACSAY%29+to+Buy/26907834.html</link>
   <description>&lt;p&gt;Deutsche Bank analyst Isabella Baxter upgraded ACS Actividades de Construccion y Servicios SA (ACS:SM) (OTC: ACSAY) from Hold to Buy with a price target of EUR140.00 (from EUR86.70).&lt;/p&gt;&lt;p&gt;The analyst comments: “Following a coverage transfer, we upgrade ACS to BUY with a EUR 140 PT. Our base case implies c30% appreciation, rising to c75% in our ‘blue sky’ scenario. ACS is a global construction and infrastructure group. It owns a c80% stake in Hochtief (HT – see today’s initiation note), recently promoted to the DAX 40. This provides exposure to Turner, the #1 contractor in the US construction segment (as recognised</description>
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   <title>Deutsche Bank Upgrades ACS Actividades de Construccion y Servicios SA (ACS:SM) (ACSAY) to Buy</title>
   <link>http://www.streetinsider.com/Upgrades/Deutsche+Bank+Upgrades+ACS+Actividades+de+Construccion+y+Servicios+SA+%28ACS%3ASM%29+%28ACSAY%29+to+Buy/26907834.html</link>
   <description>&lt;p&gt;Deutsche Bank analyst Isabella Baxter upgraded ACS Actividades de Construccion y Servicios SA (ACS:SM) (OTC: ACSAY) from Hold to Buy with a price target of EUR140.00 (from EUR86.70).&lt;/p&gt;&lt;p&gt;The analyst comments: “Following a coverage transfer, we upgrade ACS to BUY with a EUR 140 PT. Our base case implies c30% appreciation, rising to c75% in our ‘blue sky’ scenario. ACS is a global construction and infrastructure group. It owns a c80% stake in Hochtief (HT – see today’s initiation note), recently promoted to the DAX 40. This provides exposure to Turner, the #1 contractor in the US construction segment (as recognised</description>
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   <title>Deutsche Bank Upgrades ACS Actividades de Construccion y Servicios SA (ACS:SM) (ACSAY) to Buy</title>
   <link>http://www.streetinsider.com/Analyst+Comments/Deutsche+Bank+Upgrades+ACS+Actividades+de+Construccion+y+Servicios+SA+%28ACS%3ASM%29+%28ACSAY%29+to+Buy/26907834.html</link>
   <description>&lt;p&gt;Deutsche Bank analyst Isabella Baxter upgraded ACS Actividades de Construccion y Servicios SA (ACS:SM) (OTC: ACSAY) from Hold to Buy with a price target of EUR140.00 (from EUR86.70).&lt;/p&gt;&lt;p&gt;The analyst comments: “Following a coverage transfer, we upgrade ACS to BUY with a EUR 140 PT. Our base case implies c30% appreciation, rising to c75% in our ‘blue sky’ scenario. ACS is a global construction and infrastructure group. It owns a c80% stake in Hochtief (HT – see today’s initiation note), recently promoted to the DAX 40. This provides exposure to Turner, the #1 contractor in the US construction segment (as recognised</description>
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   <title>Deutsche Bank Upgrades ACS Actividades de Construccion y Servicios SA (ACS:SM) (ACSAY) to Buy</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Deutsche+Bank+Upgrades+ACS+Actividades+de+Construccion+y+Servicios+SA+%28ACS%3ASM%29+%28ACSAY%29+to+Buy/26907834.html</link>
   <description>&lt;p&gt;Deutsche Bank analyst Isabella Baxter upgraded ACS Actividades de Construccion y Servicios SA (ACS:SM) (OTC: ACSAY) from Hold to Buy with a price target of EUR140.00 (from EUR86.70).&lt;/p&gt;&lt;p&gt;The analyst comments: “Following a coverage transfer, we upgrade ACS to BUY with a EUR 140 PT. Our base case implies c30% appreciation, rising to c75% in our ‘blue sky’ scenario. ACS is a global construction and infrastructure group. It owns a c80% stake in Hochtief (HT – see today’s initiation note), recently promoted to the DAX 40. This provides exposure to Turner, the #1 contractor in the US construction segment (as recognised</description>
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   <title>Deutsche Bank Upgrades ACS Actividades de Construccion y Servicios SA (ACS:SM) (ACSAY) to Buy</title>
   <link>http://www.streetinsider.com/Upgrades/Deutsche+Bank+Upgrades+ACS+Actividades+de+Construccion+y+Servicios+SA+%28ACS%3ASM%29+%28ACSAY%29+to+Buy/26907834.html</link>
   <description>&lt;p&gt;Deutsche Bank analyst Isabella Baxter upgraded ACS Actividades de Construccion y Servicios SA (ACS:SM) (OTC: ACSAY) from Hold to Buy with a price target of EUR140.00 (from EUR86.70).&lt;/p&gt;&lt;p&gt;The analyst comments: “Following a coverage transfer, we upgrade ACS to BUY with a EUR 140 PT. Our base case implies c30% appreciation, rising to c75% in our ‘blue sky’ scenario. ACS is a global construction and infrastructure group. It owns a c80% stake in Hochtief (HT – see today’s initiation note), recently promoted to the DAX 40. This provides exposure to Turner, the #1 contractor in the US construction segment (as recognised</description>
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   <title>Deutsche Bank Upgrades ACS Actividades de Construccion y Servicios SA (ACS:SM) (ACSAY) to Buy</title>
   <link>http://www.streetinsider.com/Analyst+Comments/Deutsche+Bank+Upgrades+ACS+Actividades+de+Construccion+y+Servicios+SA+%28ACS%3ASM%29+%28ACSAY%29+to+Buy/26907834.html</link>
   <description>&lt;p&gt;Deutsche Bank analyst Isabella Baxter upgraded ACS Actividades de Construccion y Servicios SA (ACS:SM) (OTC: ACSAY) from Hold to Buy with a price target of EUR140.00 (from EUR86.70).&lt;/p&gt;&lt;p&gt;The analyst comments: “Following a coverage transfer, we upgrade ACS to BUY with a EUR 140 PT. Our base case implies c30% appreciation, rising to c75% in our ‘blue sky’ scenario. ACS is a global construction and infrastructure group. It owns a c80% stake in Hochtief (HT – see today’s initiation note), recently promoted to the DAX 40. This provides exposure to Turner, the #1 contractor in the US construction segment (as recognised</description>
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   <title>ACS Actividades de Construccion y Servicios SA (ACS:SM) (ACSAY) PT Raised to EUR153 at Barclays</title>
   <link>http://www.streetinsider.com/Intl+Ratings/ACS+Actividades+de+Construccion+y+Servicios+SA+%28ACS%3ASM%29+%28ACSAY%29+PT+Raised+to+EUR153+at+Barclays/26860213.html</link>
   <description>Barclays analyst Marco Limite raised the price target on ACS Actividades de Construccion y Servicios SA (ACS:SM) (OTC: ACSAY) to EUR153.00  (from EUR149.00) while maintaining a Overweight rating.</description>
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   <pubDate>Tue, 04 Aug 2026 04:50:00 -0400</pubDate>
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   <title>ACS Actividades de Construccion y Servicios SA (ACS:SM) (ACSAY) PT Raised to EUR153 at Barclays</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/ACS+Actividades+de+Construccion+y+Servicios+SA+%28ACS%3ASM%29+%28ACSAY%29+PT+Raised+to+EUR153+at+Barclays/26860213.html</link>
   <description>Barclays analyst Marco Limite raised the price target on ACS Actividades de Construccion y Servicios SA (ACS:SM) (OTC: ACSAY) to EUR153.00  (from EUR149.00) while maintaining a Overweight rating.</description>
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   <pubDate>Tue, 04 Aug 2026 04:50:00 -0400</pubDate>
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   <title>ACS Actividades de Construccion y Servicios SA (ACS:SM) (ACSAY) PT Raised to EUR153 at Barclays</title>
   <link>http://www.streetinsider.com/Intl+Ratings/ACS+Actividades+de+Construccion+y+Servicios+SA+%28ACS%3ASM%29+%28ACSAY%29+PT+Raised+to+EUR153+at+Barclays/26860213.html</link>
   <description>Barclays analyst Marco Limite raised the price target on ACS Actividades de Construccion y Servicios SA (ACS:SM) (OTC: ACSAY) to EUR153.00  (from EUR149.00) while maintaining a Overweight rating.</description>
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   <pubDate>Tue, 04 Aug 2026 04:50:00 -0400</pubDate>
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   <title>ACS Actividades de Construccion y Servicios SA (ACS:SM) (ACSAY) PT Raised to EUR153 at Barclays</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/ACS+Actividades+de+Construccion+y+Servicios+SA+%28ACS%3ASM%29+%28ACSAY%29+PT+Raised+to+EUR153+at+Barclays/26860213.html</link>
   <description>Barclays analyst Marco Limite raised the price target on ACS Actividades de Construccion y Servicios SA (ACS:SM) (OTC: ACSAY) to EUR153.00  (from EUR149.00) while maintaining a Overweight rating.</description>
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   <pubDate>Tue, 04 Aug 2026 04:50:00 -0400</pubDate>
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   <title>ACS Actividades de Construccion y Servicios SA (ACS:SM) (ACSAY) PT Lowered to EUR129 at Kepler Cheuvreux</title>
   <link>http://www.streetinsider.com/Intl+Ratings/ACS+Actividades+de+Construccion+y+Servicios+SA+%28ACS%3ASM%29+%28ACSAY%29+PT+Lowered+to+EUR129+at+Kepler+Cheuvreux/26799592.html</link>
   <description>Kepler Cheuvreux analyst Luis Prieto lowered the price target on ACS Actividades de Construccion y Servicios SA (ACS:SM) (OTC: ACSAY) to EUR129.00  (from EUR145.95) while maintaining a Hold rating.</description>
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   <pubDate>Wed, 22 Jul 2026 09:48:49 -0400</pubDate>
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   <title>ACS Actividades de Construccion y Servicios SA (ACS:SM) (ACSAY) PT Lowered to EUR129 at Kepler Cheuvreux</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/ACS+Actividades+de+Construccion+y+Servicios+SA+%28ACS%3ASM%29+%28ACSAY%29+PT+Lowered+to+EUR129+at+Kepler+Cheuvreux/26799592.html</link>
   <description>Kepler Cheuvreux analyst Luis Prieto lowered the price target on ACS Actividades de Construccion y Servicios SA (ACS:SM) (OTC: ACSAY) to EUR129.00  (from EUR145.95) while maintaining a Hold rating.</description>
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   <pubDate>Wed, 22 Jul 2026 09:48:49 -0400</pubDate>
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   <title>ACS Actividades de Construccion y Servicios SA (ACS:SM) (ACSAY) PT Lowered to EUR129 at Kepler Cheuvreux</title>
   <link>http://www.streetinsider.com/Intl+Ratings/ACS+Actividades+de+Construccion+y+Servicios+SA+%28ACS%3ASM%29+%28ACSAY%29+PT+Lowered+to+EUR129+at+Kepler+Cheuvreux/26799592.html</link>
   <description>Kepler Cheuvreux analyst Luis Prieto lowered the price target on ACS Actividades de Construccion y Servicios SA (ACS:SM) (OTC: ACSAY) to EUR129.00  (from EUR145.95) while maintaining a Hold rating.</description>
   <guid isPermaLink="true">http://www.streetinsider.com/Intl+Ratings/ACS+Actividades+de+Construccion+y+Servicios+SA+%28ACS%3ASM%29+%28ACSAY%29+PT+Lowered+to+EUR129+at+Kepler+Cheuvreux/26799592.html</guid>
   <pubDate>Wed, 22 Jul 2026 09:48:49 -0400</pubDate>
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   <title>ACS Actividades de Construccion y Servicios SA (ACS:SM) (ACSAY) PT Lowered to EUR129 at Kepler Cheuvreux</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/ACS+Actividades+de+Construccion+y+Servicios+SA+%28ACS%3ASM%29+%28ACSAY%29+PT+Lowered+to+EUR129+at+Kepler+Cheuvreux/26799592.html</link>
   <description>Kepler Cheuvreux analyst Luis Prieto lowered the price target on ACS Actividades de Construccion y Servicios SA (ACS:SM) (OTC: ACSAY) to EUR129.00  (from EUR145.95) while maintaining a Hold rating.</description>
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   <pubDate>Wed, 22 Jul 2026 09:48:49 -0400</pubDate>
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   <title>ACS Actividades de Construccion y Servicios SA (ACS:SM) (ACSAY) PT Raised to EUR149 at Barclays</title>
   <link>http://www.streetinsider.com/Intl+Ratings/ACS+Actividades+de+Construccion+y+Servicios+SA+%28ACS%3ASM%29+%28ACSAY%29+PT+Raised+to+EUR149+at+Barclays/26775616.html</link>
   <description>Barclays analyst Marco Limite raised the price target on ACS Actividades de Construccion y Servicios SA (ACS:SM) (OTC: ACSAY) to EUR149.00  (from EUR146.00) while maintaining a Overweight rating.</description>
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   <pubDate>Thu, 16 Jul 2026 04:41:34 -0400</pubDate>
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   <title>ACS Actividades de Construccion y Servicios SA (ACS:SM) (ACSAY) PT Raised to EUR149 at Barclays</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/ACS+Actividades+de+Construccion+y+Servicios+SA+%28ACS%3ASM%29+%28ACSAY%29+PT+Raised+to+EUR149+at+Barclays/26775616.html</link>
   <description>Barclays analyst Marco Limite raised the price target on ACS Actividades de Construccion y Servicios SA (ACS:SM) (OTC: ACSAY) to EUR149.00  (from EUR146.00) while maintaining a Overweight rating.</description>
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   <pubDate>Thu, 16 Jul 2026 04:41:34 -0400</pubDate>
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   <title>ACS Actividades de Construccion y Servicios SA (ACS:SM) (ACSAY) PT Raised to EUR149 at Barclays</title>
   <link>http://www.streetinsider.com/Intl+Ratings/ACS+Actividades+de+Construccion+y+Servicios+SA+%28ACS%3ASM%29+%28ACSAY%29+PT+Raised+to+EUR149+at+Barclays/26775616.html</link>
   <description>Barclays analyst Marco Limite raised the price target on ACS Actividades de Construccion y Servicios SA (ACS:SM) (OTC: ACSAY) to EUR149.00  (from EUR146.00) while maintaining a Overweight rating.</description>
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   <pubDate>Thu, 16 Jul 2026 04:41:34 -0400</pubDate>
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   <title>ACS Actividades de Construccion y Servicios SA (ACS:SM) (ACSAY) PT Raised to EUR149 at Barclays</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/ACS+Actividades+de+Construccion+y+Servicios+SA+%28ACS%3ASM%29+%28ACSAY%29+PT+Raised+to+EUR149+at+Barclays/26775616.html</link>
   <description>Barclays analyst Marco Limite raised the price target on ACS Actividades de Construccion y Servicios SA (ACS:SM) (OTC: ACSAY) to EUR149.00  (from EUR146.00) while maintaining a Overweight rating.</description>
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   <pubDate>Thu, 16 Jul 2026 04:41:34 -0400</pubDate>
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   <title>Bernstein says this stock is best positioned among European EPC contractors</title>
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   <description>&lt;p&gt;This Spanish construction and services group is best positioned among European engineering, procurement and construction contractors to capture the data center boom, according to Bernstein analysts, who said the company's dual model of construction and direct asset ownership maximizes its exposure to the sector.&lt;/p&gt;&lt;p&gt;Bernstein reiterated an &quot;outperform&quot; rating on ACS, with a price target of €153.10. The brokerage said ACS combines &quot;market-leading EPC capabilities via Hochtief (mainly Turner) with a growing direct ownership platform (GIP JV), enabling it to capture both upfront construction revenue and long-term asset returns.&quot;&lt;/p&gt;&lt;p&gt;Data centers represent about 62% of the group's valuation, Bernstein said, adding that</description>
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   <pubDate>Mon, 22 Jun 2026 03:00:00 -0400</pubDate>
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   <title>Bernstein says this stock is best positioned among European EPC contractors</title>
   <link>http://www.streetinsider.com/Hot+List+Pro/Bernstein+says+this+stock+is+best+positioned+among+European+EPC+contractors/26668971.html</link>
   <description>&lt;p&gt;This Spanish construction and services group is best positioned among European engineering, procurement and construction contractors to capture the data center boom, according to Bernstein analysts, who said the company's dual model of construction and direct asset ownership maximizes its exposure to the sector.&lt;/p&gt;&lt;p&gt;Bernstein reiterated an &quot;outperform&quot; rating on ACS, with a price target of €153.10. The brokerage said ACS combines &quot;market-leading EPC capabilities via Hochtief (mainly Turner) with a growing direct ownership platform (GIP JV), enabling it to capture both upfront construction revenue and long-term asset returns.&quot;&lt;/p&gt;&lt;p&gt;Data centers represent about 62% of the group's valuation, Bernstein said, adding that</description>
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   <pubDate>Mon, 22 Jun 2026 03:00:00 -0400</pubDate>
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   <title>ACS Actividades de Construccion y Servicios SA (ACS:SM) (ACSAY) PT Raised to EUR156 at Morgan Stanley</title>
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   <description>Morgan Stanley analyst Nicolas Mora raised the price target on ACS Actividades de Construccion y Servicios SA (ACS:SM) (OTC: ACSAY) to EUR156.00  (from EUR150.00) while maintaining a Overweight rating.</description>
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   <pubDate>Thu, 21 May 2026 05:22:18 -0400</pubDate>
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   <title>ACS Actividades de Construccion y Servicios SA (ACS:SM) (ACSAY) PT Raised to EUR156 at Morgan Stanley</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/ACS+Actividades+de+Construccion+y+Servicios+SA+%28ACS%3ASM%29+%28ACSAY%29+PT+Raised+to+EUR156+at+Morgan+Stanley/26530551.html</link>
   <description>Morgan Stanley analyst Nicolas Mora raised the price target on ACS Actividades de Construccion y Servicios SA (ACS:SM) (OTC: ACSAY) to EUR156.00  (from EUR150.00) while maintaining a Overweight rating.</description>
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   <pubDate>Thu, 21 May 2026 05:22:18 -0400</pubDate>
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   <title>ACS Actividades de Construccion y Servicios SA (ACS:SM) (ACSAY) PT Raised to EUR156 at Morgan Stanley</title>
   <link>http://www.streetinsider.com/Intl+Ratings/ACS+Actividades+de+Construccion+y+Servicios+SA+%28ACS%3ASM%29+%28ACSAY%29+PT+Raised+to+EUR156+at+Morgan+Stanley/26530551.html</link>
   <description>Morgan Stanley analyst Nicolas Mora raised the price target on ACS Actividades de Construccion y Servicios SA (ACS:SM) (OTC: ACSAY) to EUR156.00  (from EUR150.00) while maintaining a Overweight rating.</description>
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   <pubDate>Thu, 21 May 2026 05:22:18 -0400</pubDate>
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   <title>ACS Actividades de Construccion y Servicios SA (ACS:SM) (ACSAY) PT Raised to EUR156 at Morgan Stanley</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/ACS+Actividades+de+Construccion+y+Servicios+SA+%28ACS%3ASM%29+%28ACSAY%29+PT+Raised+to+EUR156+at+Morgan+Stanley/26530551.html</link>
   <description>Morgan Stanley analyst Nicolas Mora raised the price target on ACS Actividades de Construccion y Servicios SA (ACS:SM) (OTC: ACSAY) to EUR156.00  (from EUR150.00) while maintaining a Overweight rating.</description>
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   <pubDate>Thu, 21 May 2026 05:22:18 -0400</pubDate>
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   <title>ACS Actividades de Construccion y Servicios SA (ACS:SM) (ACSAY) PT Raised to EUR146 at Barclays</title>
   <link>http://www.streetinsider.com/Intl+Ratings/ACS+Actividades+de+Construccion+y+Servicios+SA+%28ACS%3ASM%29+%28ACSAY%29+PT+Raised+to+EUR146+at+Barclays/26498005.html</link>
   <description>Barclays analyst Marco Limite raised the price target on ACS Actividades de Construccion y Servicios SA (ACS:SM) (OTC: ACSAY) to EUR146.00  (from EUR140.00) while maintaining a Overweight rating.</description>
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   <pubDate>Fri, 15 May 2026 05:45:12 -0400</pubDate>
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