Shares of Jacobs Engineering Group Inc. advanced on Thursday after a Morgan Joseph analyst upgraded the stock to "Buy," saying the heavy construction and engineering firm is poised to benefit from more business in the lucrative oil and gas markets.
In a July 2 story about the effect of state spending on companies in the construction and engineering sector, The Associated Press inaccurately reported comments by KeyBanc Capital Markets analyst Tahira Azfal.
Shares of construction and engineering companies opened mixed on Thursday as the broader market wobbled after oil prices touched a new record and a reading on the service sector came in weaker than expected.
Longtime Florida Atlantic University donors and Boca Raton residents Peter and Kerry LoBello have shown a commitment to fostering diversity in the field of engineering with a gift of $50,000 to FAU’s College of Engineering and Computer Science.
