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Fly News Breaks for June 28, 2017
CBI
Jun 28, 2017 | 07:37 EDT
Baird analyst Andrew Wittmann said the favorable Delaware Supreme Court ruling received by CB&I gives it a significant positive compared to the worst case scenario. The analyst said the stock is becoming more investible but balance sheet and operational risks remain. Wittmann raised his price target to $25 from $15 on CB&I shares but reiterated his Neutral rating.
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