AECOM Technology joint venture awarded $500M contract by Transport for London AECOM Technology announced that a joint venture in which it participates was awarded an eight-year highways contract worth up to $500M by Transport for London to provide design and engineering services. AECOM and joint venture partner FM Conway will provide design and engineering services for one of the four new area-based highway contracts under the London Highways Alliance Contract.
AECOM price target raised to $43 from $38 at Argus Argus increased its price target on AECOM after the company raised its full-year EPS guidance. The firm thinks the company has several positive catalysts and is upbeat on its outlook. Argus keeps a Buy rating on the shares.