Jacobs Engineering (JEC) Tops Q3 EPS by 3c

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UBS Downgrades Jacobs Engineering (JEC) to Neutral

August 10, 2016 9:10 AM EDT

UBS downgraded Jacobs Engineering (NYSE: JEC) from Buy to Neutral with a price target of $56.00 (from $53.00).

Analyst Steven Fisher commented, "We believe Jacobs' management team is executing its business improvement program very well, as evidenced by margin improvement in a weak revenue... More