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Fly News Breaks for July 10, 2019
FLR
Jul 10, 2019 | 06:59 EDT
Canaccord analyst Yuri Lynk raised his price target for Fluor to $35 from $32 and reiterated a Hold rating ahead of the company's second quarter results. In a research note to investors, Lynk says he "just doesn't have the visibility" to recommend the stock here with a new chairman, a new CEO, a new CFO and a "couple" of troubled projects in backlog. Lynk says he will remain on the sidelines until he has confidence in management's ability to execute on Fluor's book of business.
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