Fly News Breaks for May 8, 2017
FLR
May 8, 2017 | 06:42 EDT
Canaccord analyst Yuri Lynk upgraded Fluor to Buy from Hold citing material weakness in shares following the Q1 miss and outlook. The analyst feels "strongly" about share risk/reward follwoing the 8% decline year-to-date saying mid-cycle earnings power could reach $3.50 and notes managament feels the O&G awards taht slippled can be brought back as backlog by year end. The analsyt lowered his price target to $55 from $57 on Fluor shares.
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