Jacobs Engineering attractive after pullback, says Sterne Agee After Jacobs Engineering reported 1H results that Sterne Agee views as disappointing, the firm remains confident in the company's fundamentals and its ability to accelerate its EPS growth. The firm recommends that investors looking to exploit the upcoming energy/infrastructure cycle add to their positions in the name. It keeps an $80 price target and Buy rating on the stock.
News For JEC From The Last 14 Days
Check below for free stories on JEC the last two weeks.
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.