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Fly News Breaks for February 28, 2018
TPC
Feb 28, 2018 | 05:33 EDT
KeyBanc analyst Sean Eastman upgraded Tutor Perini to Overweight from Sector Weight with a $28 price target. The company's valuation is "over discounted" relative to peers, Eastman tells investors in a research note. He sees "strong" fundamentals and "several drivers of multiple expansion" in 2018. The analyst views Tutor Perini's initial 2018 guidance as "comfortably achievable," creating a potential beat and raise setup for the year.
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