ENGINEERING A BARGAIN

摘要

When equity markets collapse it tends to hurt all equities, the weak and the strong. Just as a rising tide lifts all boats, when the tide goes out, all boats-or stocks in this instance-usually go down. During the recent market collapse, we reevaluated and reinstated 21 "buy" recommendations. That is the same number of names added in the entire first half of the year when the market was overvalued and we were hesitant to make bullish calls on individual names. One of the bargains we found was Jacobs Engineering Group (JEC), which we moved to a buy from a hold at $39.65. Our 2017 price target is $48.