Jacobs Engineering (NYSE:JEC) upgraded to Buy, $50 target, at BofA/Merrill. The stock closed yesterday at $41.44 on volume of 1,835,491 shares, below average daily volume of 2,131,755.
Jacobs Engineering Group is currently above its 50-day moving average of $38.94 and above its 200-day moving average of $41.42.
SmarTrend is bullish on shares of JEC and our subscribers received an Uptrend alert on March 02, 2010 at $39.74, which has returned 4.3% to date.
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Ticker(s): JEC