Will This Price Target Increase Help URS (URS) Stock Today?

Story updated at 9:50 a.m. to reflect market activity.

NEW YORK (TheStreet) --UBS raised its price target for URS (URS) to $59 from $48 Wednesday.

Shares of URS gained 0.9% to $58.84 in morning trading.

The analyst firm reiterated its “neutral” rating for the company. URS’ improved operating margins and recent revenue beat should contribute to a higher valuation according to UBS analysts.

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TheStreet Ratings team rates URS CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate URS CORP (URS) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share."

URS ChartURS data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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