Jacobs (J) to Manage Construction Site Organization for Major Decarbonization Project at thyssenkrupp Steel

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Go back to Jacobs (J) to Manage Construction Site Organization for Major Decarbonization Project at thyssenkrupp Steel

Jacobs (J) cut at Raymond James on execution risk

November 22, 2023 10:31 AM EST

Raymond James analyst Brian Gesuale downgraded the shares of Jacobs (NYSE: J) to Market Perform from Outperform, removing its price target on the stock.

Gesuale told investors in a note that they are downgrading the stock due to the execution risk, adding that the extended payoff outweighs the core business strength.

"We are reducing our rating on J to Market Perform given an increased execution risk with the Reverse Morris... More