AECOM (ACM) shares plummeted 5.03% in intraday trading on Thursday, as multiple analysts lowered their price targets for the company following its recent quarterly report. The stock's sharp decline reflects growing concerns about AECOM's near-term prospects in the face of challenging market conditions.

Several prominent financial institutions adjusted their outlook on AECOM. RBC Capital reduced its price target to $139 from $142, while maintaining an Outperform rating. Barclays lowered its target to $135 from $145, keeping an Overweight rating. Most notably, Argus analyst John Staszak cut the firm's price target significantly to $135 from $155, though still maintaining a Buy rating on the shares.

The wave of downward revisions suggests that while analysts remain generally positive on AECOM's long-term potential, they are recalibrating expectations based on the company's latest financial results and guidance. The reduced price targets, coupled with broader market uncertainties, appear to have prompted investors to reassess their positions, leading to the significant sell-off in AECOM's stock.