1. Aecom's stock is currently oversold with an RSI of 27.4. 2. Analyst Jamie Cook maintained a Buy rating, lowering the price target to $126. 3. ACM's stock has fallen about 14% in the past month. 4. Shares slightly rose 0.6% to close at $97.31 but remain near their 52-week low. 5. Investors might see this as a buying opportunity amid the decline.
FAQ
Why Bullish?
Despite recent declines, a maintained Buy rating indicates confidence from analysts. Historical data shows that oversold stocks often rebound.
How important is it?
The article highlights ACM's current valuation and analyst outlook, which is critical for investment decisions.
Why Short Term?
The RSI suggests a potential short-term reversal as oversold conditions normalize. Similar cases exhibit quick recoveries after reaching critical lows.