Jacobs Engineering upgraded to Buy from Neutral at UBS UBS upgraded Jacobs Engineering to reflect accelerating earnings growth over the next 12-18 months driven by acquisitions, North American energy infrastructure, and reduced government exposure drag. Price target raised to $75 from $60.
News For JEC From The Last 14 Days
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Jacobs Engineering receives contract extension from EDF Energy Jacobs Engineering Group announced that its contract to provide project services to EDF Energy for its eight nuclear power station sites in the United Kingdom has been extended. Company officials did not disclose the contract value, but noted that the contract is extended by 12 months with an option for a further 12 months. Jacobs is providing a range of project services to support EDF Energy’s program of maintenance and life extension projects at the stations. EDF Energy’s eight stations have a combined capacity of almost 8.8 million kilowatts, making it the UK’s largest generator of low carbon electricity.