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Fly News Breaks for June 9, 2016
TPC
Jun 9, 2016 | 07:50 EDT
UBS analyst Stephen Fisher raised his price target on Tutor Perini to $28 from $21. The analyst cited the company's Civil division backlog growth, which is indicative of margin and earnings growth. He also expects the balance sheet and cash flow to improve allowing for multiple expansion. Fisher reiterated his Buy rating on Tutor Perini shares.
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