Truist Keeps Buy Rating on AECOM, Lowers Price Target to $102

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Summary · why it matters

Truist maintained a Buy rating on AECOM but lowered its price target to $102 from $109 on July 2, 2026, as part of a second-quarter preview for the machinery, infrastructure services, and multi-industry group. The firm sees a positive setup for Q2 earnings across the sector, citing strong demand trends supported by secular growth tailwinds in power, data center, aerospace and defense, and infrastructure. AECOM recently secured a position on nine lots of the UK Government's $4.7 billion Construction Professional Services 2 Framework, up from five in the previous framework, covering areas such as general infrastructure, project management, defense, and nuclear energy. The company was also selected to continue providing architecture and engineering services to the U.S. Department of Homeland Security for critical infrastructure modernization across all 50 states and several territories.

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AECOM secured positions on UK government framework and DHS contract, indicating strong demand for its services.

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