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Fly News Breaks for March 3, 2017
BW
Mar 3, 2017 | 07:27 EDT
UBS analyst Steven Fisher lowered his price target on Babcock & Wilcox to $14 from $20 following Q4 results. The analyst called the quarter challenging as the company cited execution issues on a renewable plant in Europe. Fisher reduced his price target to reflect more debt on the balance sheet and a lower multiple. Fisher maintained his Buy rating on Babcock & Wilcox shares.
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