Jacobs Engineering Price Target Raised To $106 From $94 At UBS

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UBS analyst Steven Fisher upped his price target for Jacobs Engineering (JEC) to $106 from $94 to reflect higher estimates and increased confidence in the company's earnings potential.

The next leg up in the stock will be driven by "cleaner" earnings reports with fewer adjustments, improved cash flow, and results approaching Jacobs' identified earnings potential, Fisher tells investors in a research note.

He keeps a Buy rating on the shares, which closed Wednesday up $1.06 to $92.53.


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