URS heading for seventh straight up day, analyst cites M&A speculation

|About: URS Corporation (URS)|By:, SA News Editor

URS (URS +2.5%) continues its strong move higher on a surge in volume, climbing 16.5% since June 26 despite no significant news.

Stephens analyst Will Gabrielski thinks the recent uptick probably is due to speculation of potential M&A activity; he notes that a URS takeout could potentially be in the $55-$90/share range.

The firm reiterates its Overweight rating and $54 price target, and shares have jumped another ~2.5% today.