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CBI

CB&I

09:14
06/19/17
06/19
09:14
06/19/17
09:14

CB&I price target lowered to $21 from $34 at Credit Suisse

Credit Suisse analyst Jamie Cook reduced his FY17-19 earnings estimates for CB&I and lowered his price target on the shares to $21 from $34 after reevaluating the stock's valuation using a sum-of-the-parts analysis. However, he believes incoming CEO Pat Mullen has an opportunity to provide greater clarity on a strategy to address the key issues weighing on CB&I and he keeps an Outperform rating on the stock.

CBI CB&I

06/08/17
KEYB
06/08/17
NO CHANGE
KEYB
Sector Weight
KeyBanc surprised by magnitude of CB&I underperformance this week
Noting that Chicago Bridge & Iron shares have declined 20% this week, versus a 2% pullback for its close peer group, KeyBanc analyst Tahira Afzal said she's surprised by the extent of the stock's underperformance, highlighting that an upcoming court decision on the scope of the contested Westinghouse claim, which remains likely in June, remains a potential positive catalyst. The analyst, who views CBI's recent moves to reduce debt and transition to a new CEO as positives, sees the stock as fairly valued and keeps a Sector Weight rating on the shares.
06/08/17
LEHM
06/08/17
DOWNGRADE
Target $121
LEHM
Equal Weight
Sempra Energy downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Daniel Ford downgraded Sempra Energy (SRE) to Equal Weight with the shares close to his unchanged price target of $121. The analyst is increasingly concerned that the Cameron LNG export facility could face construction delays given the project's association with CB&I (CBI).
06/06/17
MACQ
06/06/17
NO CHANGE
Target $11.5
MACQ
Underperform
CB&I price target lowered to $11.50 from $18 at Macquarie
Macquarie analyst Sameer Rathod reduced CB&I's price target to $11.50 from $18 to reflect intra quarter debt and net contract capital in determining EV/EBITDA valuation. The analyst said quarter end draw downs are systematically and materially higher at the end of the quarter compared to maximum draw downs under the revolver intra quarter, indicating quarter end numbers underestimate the amount of leverage deployed to run the business. The analyst now thinks its prudent to use maximum drawdowns from a valuation perspective and reiterates his Underperform rating.
05/24/17
UBSW
05/24/17
NO CHANGE
Target $21
UBSW
Neutral
CB&I price target lowered to $21 from $32 at UBS
UBS analyst Steven Fisher lowered his price target on CB&I to $21 from $32 citing the uncertainty surrounding a host of issues including the timing and outcome of its dispute with Westinghouse, which could result in a liability of up to $2B. Fisher feels the stock reflects a balance of potential upside and lingering risks and therefore maintained his Neutral rating on CB&I shares.

TODAY'S FREE FLY STORIES

DUK

Duke Energy

$85.96

-0.32 (-0.37%)

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PPL

PPL Corp.

$38.83

-0.19 (-0.49%)

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AEP

American Electric

$71.55

-0.24 (-0.33%)

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AEE

Ameren

$55.94

-0.33 (-0.59%)

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WEC

WEC Energy

$63.46

-0.17 (-0.27%)

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NSRGY

Nestle

$84.83

0.4 (0.47%)

, LRLCY

L'Oreal

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TKTDY

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VIA

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VIAB

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TWX

Time Warner

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NCR

NCR Corp.

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0.09 (0.23%)

AIZ

Assurant

$101.25

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ALXN

Alexion

$126.07

-0.16 (-0.13%)

UTHR

United Therapeutics

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RHT

Red Hat

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0.54 (0.55%)

CI

Cigna

$169.61

-1.07 (-0.63%)

FL

Foot Locker

$48.03

0.53 (1.12%)

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TKTDY

Takata

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TKTDY

Takata

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1.2199 (63.21%)

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TKTDY

Takata

$3.15

1.2199 (63.21%)

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TKTDY

Takata

$3.15

1.2199 (63.21%)

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IRDM

Iridium

$10.75

0.1 (0.94%)

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TKTDY

Takata

$3.15

1.2199 (63.21%)

20:08
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Takata files for bankruptcy in U.S., Bloomberg says »

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SEAS

SeaWorld

$15.65

-0.16 (-1.01%)

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FB

Facebook

$155.07

1.67 (1.09%)

19:57
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Facebook plans to offer TV-quality content by late summer, WSJ says »

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FRO

Frontline

$5.59

0.08 (1.45%)

, GNRT

Gener8 Maritime

$6.12

0.21 (3.55%)

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Frontline abandons plans to buy Gener8, WSJ says »

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FRO

Frontline

$5.59

0.08 (1.45%)

GNRT

Gener8 Maritime

$6.12

0.21 (3.55%)

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NSRGY

Nestle

$84.83

0.4 (0.47%)

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WMT

Wal-Mart

$74.84

-0.68 (-0.90%)

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GOOG

Alphabet

$965.59

8.5 (0.89%)

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Alphabet Class A

$986.09

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Alphabet

$965.59

8.5 (0.89%)

GOOGL

Alphabet Class A

$986.09

9.47 (0.97%)

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NSRGY

Nestle

$84.83

0.4 (0.47%)

17:37
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LNG

Cheniere Energy

$47.62

0.34 (0.72%)

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VIA

Viacom

$39.15

0.1 (0.26%)

, VIAB

Viacom

$34.11

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TWX

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DIS

Disney

$104.36

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LGF.A

Lionsgate

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LGF.B

Lionsgate

$25.38

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FOX

21st Century Fox

$26.93

0.3 (1.13%)

FOXA

21st Century Fox

$27.19

0.22 (0.82%)

SNE

Sony

$38.52

0.11 (0.29%)

CMCSA

Comcast

$39.50

-0.44 (-1.10%)

CMCSK

Comcast

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GSK

GlaxoSmithKline

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0.13 (0.29%)

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BHVN

Biohaven Pharmaceutical

$25.33

-0.13 (-0.51%)

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ESALY

Eisai

$56.42

-0.075 (-0.13%)

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PTNR

Partner Communications

$5.25

0.1123 (2.19%)

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