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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.

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ADNT

Adient

$63.20

-1.63 (-2.51%)

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Adient to hold a meeting »

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GIS

General Mills

$55.52

-0.65 (-1.16%)

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Monsanto

$117.25

-0.55 (-0.47%)

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Notable companies reporting before tomorrow's open »

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Monsanto

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PAYX

Paychex

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AAPL

Apple

$143.73

-2.09 (-1.43%)

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Apple looks to hire 'Siri Event Maven,' 9to5Mac reports »

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Toshiba, also use TOSYY

$2.60

-0.09 (-3.35%)

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Toshiba, also use TOSBF

$15.67

-0.24 (-1.51%)

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Periodicals
Toshiba to face holder wrath after failing to sell chip unit, Reuters says »

Toshiba is anticipated to…

TOSBF

Toshiba, also use TOSYY

$2.60

-0.09 (-3.35%)

TOSYY

Toshiba, also use TOSBF

$15.67

-0.24 (-1.51%)

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FB

Facebook

$150.58

-3.01 (-1.96%)

19:21
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Periodicals
Facebook previously explored effort to promote flu shots, CNBC reports »

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AAPL

Apple

$143.73

-2.09 (-1.43%)

19:15
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Munster lays out five-year Apple model, sees 'Apple Glasses' wearable in 2020 »

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GOOG

Alphabet

$927.33

-24.94 (-2.62%)

, GOOGL

Alphabet Class A

$948.09

-24 (-2.47%)

19:02
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GOOG

Alphabet

$927.33

-24.94 (-2.62%)

GOOGL

Alphabet Class A

$948.09

-24 (-2.47%)

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APO

Apollo Global

$25.90

-0.33 (-1.26%)

18:58
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Periodicals
Apollo Global hits record-breaking $23.5B target for buyout fund, WSJ says »

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QCOM

Qualcomm

$55.43

-1.13 (-2.00%)

18:54
06/27/17
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18:54
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18:54
Periodicals
Judge says FTC suit against Qualcomm can proceed, Reuters reports »

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LNEGY

Linde

$19.25

0.08 (0.42%)

18:53
06/27/17
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18:53
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18:53
Periodicals
Linde unit agrees to $20M settlement deal in whistleblower case, Reuters says »

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HCHC

HC2 Holdings

$5.82

0.03 (0.52%)

18:50
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HC2 Holdings subsidiary to acquire major interest in DTVA »

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MRK

Merck

$65.54

-0.38 (-0.58%)

18:38
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Periodicals
Merck's cholesterol drug anacetrapib could serve as catalyst, Barron's reports »

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  • 22

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TROX

Tronox

$13.52

-0.25 (-1.82%)

18:37
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Tronox elects Kaufthal as non-executive chairman »

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ANCUF

Alimentation Couche-Tard

$49.16

1.0803 (2.25%)

, CST

CST Brands

$48.53

-0.01 (-0.02%)

18:19
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Alimentation Couche-Tard cleared in Canada for acquisition of CST Brands »

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ANCUF

Alimentation Couche-Tard

$49.16

1.0803 (2.25%)

CST

CST Brands

$48.53

-0.01 (-0.02%)

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MSLI

Merus Labs

$1.23

-0.0015 (-0.12%)

18:01
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Merus Labs reminds shareholders to vote for arrangement with Norgine »

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EIGI

Endurance

$8.20

-0.15 (-1.80%)

18:01
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Endurance chief administration officer Andreasen to leave company »

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HII

Huntington Ingalls

$186.97

0.68 (0.37%)

17:41
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Huntington Ingalls receives contract modifications to incorporate upgrades »

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IP

International Paper

$56.18

-0.55 (-0.97%)

17:34
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International Paper agrees to settle Kleen Products class action litigation »

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HUSA

Houston American Energy

$0.67

0.0385 (6.10%)

17:33
06/27/17
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17:33
Syndicate
Houston American Energy requests withdrawal of registration statement »

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KBH

KB Home

$22.82

0.04 (0.18%)

, RYI

Ryerson

$9.00

-0.1 (-1.10%)

17:24
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Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS: KB…

KBH

KB Home

$22.82

0.04 (0.18%)

RYI

Ryerson

$9.00

-0.1 (-1.10%)

AVAV

AeroVironment

$32.49

1.52 (4.91%)

CAMP

CalAmp

$19.25

-0.37 (-1.89%)

GMRE

Global Medical REIT

$9.83

0.07 (0.72%)

WLL

Whiting Petroleum

$5.48

0.04 (0.74%)

OAS

Oasis Petroleum

$7.93

0.21 (2.72%)

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CHKE

Cherokee

17:22
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Breaking Hot Stocks news story on Cherokee »

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KBH

KB Home

$22.82

0.04 (0.18%)

17:16
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KB Home sees Q3 housing revenue $1.08B-$1.15B »

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KBH

KB Home

$22.82

0.04 (0.18%)

17:16
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KB Home raises FY17 housing revenue view to $4.2B-$4.4B from $4B-$4.3B »

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General news
Breaking General news story  »

Minneapolis Federal…

CHKE

Cherokee

17:13
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Cherokee receives listing notice over late 10-Q »

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