MKM Partners analyst Daniel Scott raised his price target on Fluor to $56 to reflect the rising stock price. Scott says the run has been driven by "a combination of improved crude pricing and increasing comfort that no more major charges are coming". The analyst adds that new awards of $3.8B during Q3 were "weak", but it was otherwise a "clean quarter". Scott also keeps his Neutral rating on Fluor, stating that while the outlook is improving, the strong run in the stock price has largely reflected the new awards and higher oil price developments.