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Fly News Breaks for February 3, 2016
PWR, CBI, ACM
Feb 3, 2016 | 07:51 EDT
JPMorgan analyst Jeffrey Volshteyn says the decline in Engineering and Construction stocks in reaction to low oil prices is overdone. E&C companies have diversified away from pure oil and gas related activity in recent years, Volshteyn tells investors in a research note. The analyst keeps Overweight ratings on AECOM (ACM), Chicago Bridge & Iron (CBI) and Quanta Services (PWR).
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