AECOM: Mispriced Transformation Story Amid Market Neglect

Aecom, a construction and engineering company, is undergoing a transformation that could boost margins despite a recent selloff. The company is exiting the low-margin construction management business and redeploying capital to higher-margin areas, such as infrastructure and digital services. While the market has reacted negatively to Aecom's earnings, the company's transformation story remains undervalued.