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Fly News Breaks for May 4, 2018
FLR
May 4, 2018 | 08:50 EDT
DA Davidson analyst Brent Thielman lowered his price target on Fluor to $52 after its Q1 earnings miss and "very low" booking rates. The analyst notes a "painful" gas-fired power market leading to significant losses as the company attempts to exit that space in construction. Thielman keeps his Neutral rating, noting Fluor's prospects for a gradual improvement in its core markets as prices and capital expenditures continue to show signs of recovery.
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