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Fly News Breaks for August 28, 2018
TPC
Aug 28, 2018 | 08:53 EDT
MKM Partners analyst Daniel Scott kept his Buy rating and $28 price target on Tutor Perini, saying the most recent "good quarter" could be the start of a trend of "strong earnings momentum". The analyst notes the Q2 earnings beat was driven by the strong revenues and margins in the Civil segment and strong margins in the Building segment, even though the company lowered the top end of its guidance. Scott further states that given the large portion of the California project being pushed out to 2019, next year's earnings should see an added boost.
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