Aecom (ACM) has been rated a "Buy" by Citi, with a target price of $127, reflecting confidence in the company's solid execution and backlog visibility, which are expected to drive earnings growth in FY25. The report highlights Aecom's strong FY1Q25 results, with adjusted EPS of $1.31, surpassing both Citi and street estimates due to favorable tax and interest impacts. Aecom has modestly raised its FY25 EPS
AECOM's stock is experiencing a notable uptick in pre-market trading on December 10, 2024, with no specific news events within the last 24 hours directly linked to this movement. However, recent developments and strategic partnerships may be contributing to investor optimism. AECOM's recent appointment to a £400 million professional services framework with Thames Water in the UK, announced on December 10, 2
Citi maintains a "Buy" rating on Aecom (ACM), citing strong demand and effective execution as key drivers for continued earnings growth into FY25 and beyond. The stock was trading at $110.00, up 1.08% on November 20. Aecom's strategy focuses on expanding its Program Management and Water and Environment Advisory businesses, alongside shareholder returns through cash deployment. The company projects another y