Truist reduced AECOM’s price target amid a sector-wide Q2 preview but kept a Buy rating on strong demand trends.
Truist lowered AECOM’s (ACM) price target to $102 from $109 on July 2, 2026, while retaining a Buy rating. The adjustment was part of a broader Q2 preview for machinery, infrastructure services, and multi-industry stocks.
The firm highlighted strong demand trends supported by secular growth in power, data centers, aerospace, defense, and infrastructure. AECOM recently secured a $4.7B UK government framework contract, expanding its role in nine lots, up from five previously.
AECOM also announced a contract to provide architecture and engineering services for U.S. Department of Homeland Security infrastructure modernization projects across all 50 states and territories.