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Fly News Breaks for February 19, 2020
FLR
Feb 19, 2020 | 07:35 EDT
As reported previously, Canaccord analyst Yuri Lynk downgraded Fluor to Hold from Buy. The analyst noted the company disclosed they are the subject of an SEC investigation of its past accounting as well as its own internal review and filing delay of its 10K. He said his confidence in its internal controls has been impaired and the company's 2020 guidance came in below expectations. Lynk lowered his price target to $14 from $25 on Fluor shares.
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