Information Provided By:
Fly News Breaks for January 12, 2017
PWR, ACM, FLR
Jan 12, 2017 | 06:23 EDT
Deutsche Bank analyst Chad Dillard upgraded Fluor (FLR) to Buy saying the company is one of the biggest beneficiaries of a bookings recovery in Oil & Gas while its "robust project pipeline" for 2017 is underappreciated. The analyst raised his price target for the shares to $63 from $48. Dillard this morning also downgraded AECOM (ACM) to Hold. His top pick in the Engineering & Construction space is now Quanta Services (PWR).