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Fly News Breaks for June 19, 2017
CBI
Jun 19, 2017 | 09:14 EDT
Credit Suisse analyst Jamie Cook reduced his FY17-19 earnings estimates for CB&I and lowered his price target on the shares to $21 from $34 after reevaluating the stock's valuation using a sum-of-the-parts analysis. However, he believes incoming CEO Pat Mullen has an opportunity to provide greater clarity on a strategy to address the key issues weighing on CB&I and he keeps an Outperform rating on the stock.
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