Amentum Announces Agreement to Merge with Jacobs’ Critical Mission Solutions and Cyber and Intelligence Businesses

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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