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Fly News Breaks for February 22, 2019
FLR
Feb 22, 2019 | 09:11 EDT
DA Davidson analyst Brent Thielman lowered his price target on Fluor to $43 and kept his Neutral rating after its Q4 earnings and FY19 guidance, noting that while its orders and backlog are improving, project charges continue to impact results. The analyst further sees inflection in the company's backlog but states that investors remain skittish from the "wreckage in profitability across many large project fixed-price (among) E&C peers in recent years".
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