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Fly News Breaks for April 5, 2019
FLR
Apr 5, 2019 | 07:32 EDT
MKM Partners analyst Daniel Scott is keeping his Neutral rating and $39 price target on Fluor ahead of the start of Q1 earnings season, which is typically the weak for the company on both revenue and earnings. The analyst notes that Fluor is "pursuing a robust bidding list across downstream energy, petrochemicals, and infrastructure assets" with a "promising" pipeline, but also cites investor concerns with the management's execution over the past several quarters along with questions over performance of large new projects like LNG Canada.
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