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Fly News Breaks for February 19, 2020
FLR
Feb 19, 2020 | 07:53 EDT
Citi analyst Andrew Kaplowitz views the 25% selloff yesterday in Fluor shares yesterday as an overreaction. The newly announced SEC investigation relating to project charges booked in Q2 of 2019 creates an overhang for the stock, but the company provided commentary around better Q4 cash an offered in-line 2020 earnings guidance, Kaplowitz tells investors in a research note. He thinks the current valuation is attractive and keeps a Buy rating on Fluor shares.
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