AECOM Technology design partnership awarded contract worth approx. $23M AECOM Technology announced that GrandLinq, a public-private partnership in which it participates, has been awarded a contract by the Region of Waterloo in Ontario, Canada. The GrandLinq PPP will design, build, finance, operate and maintain a new at-grade light rail transit system between the cities of Waterloo and Kitchener. The contract is expected to be worth approximately $23M to AECOM. Work on the project has already commenced. Project construction is expected to be completed by 2017.
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.