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CBI

CB&I

$16.33

-0.08 (-0.49%)

16:20
08/09/17
08/09
16:20
08/09/17
16:20

CB&I sees 2H17 EPS $1.00-$1.25

Sees 2H17 revenue $3.7B-$4B. The company's earnings guidance does not include any benefits from the cost reduction program, which are likely to be realized in 2018.

CBI CB&I
$16.33

-0.08 (-0.49%)

07/03/17
FBCO
07/03/17
NO CHANGE
Target $21
FBCO
Outperform
CB&I Capital Services sale provides financial flexibility, says Credit Suisse
Credit Suisse analyst Jamie Cook notes that CB&I announced that it has completed the sale of its Capital Services business to private equity sponsor Veritas for $700M. The analyst views the news as a positive, as the slight haircut was largely expected and timely closing of the deal removes concern that the company would not be able to meet its financial covenants when the total leverage requirement steps down in Q3. Moreover, Cook believes the deal and debt paydown provides more financial flexibility given concerns around inter-period revolver draws/working capital builds in light of problem projects. He reiterates an Outperform rating and $21 price target on the shares.
07/03/17
BOFA
07/03/17
NO CHANGE
Target $17
BOFA
Underperform
BofA/Merrill says too early to own CB&I
BofA/Merrill analyst Anna Kaminskaya says that while last week's favorable ruling from the Delaware Supreme Court on the outstanding Westinghouse litigation removes the worst case for CB&I, it remains too early to own the shares. Potential cost overruns on the fixed-price projects create downside risks in the second half of 2017, Kaminskaya told investors Friday in a research note. She kept an Underperform rating on CB&I with a $17 price target.
07/24/17
FBCO
07/24/17
DOWNGRADE
Target $21
FBCO
Neutral
CB&I downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analyst Jamie Cook downgraded CB&I to Neutral and maintained a $21 price target given the last two catalysts of the Westinghouse litigation and the closing of the Capital Services sale are behind it, and there are likely challenging quarters ahead. The analyst believes downside may be limited given share underperformance, but believes there is too much negative news flow ahead as fundamentals remain challenged and new awards are likely to disappoint.
08/07/17
BOFA
08/07/17
NO CHANGE
Target $14
BOFA
Underperform
CB&I price target lowered to $14 from $17 at BofA/Merrill
BofA/Merrill analyst Anna Kaminskaya cut CB&I's (CBI) price target to $14 from $17 saying he sees additional risk from Cameron LNG project charges in Q2. Last week, Sempra (SRE) announced a delay in the Cameron LNG project where CBI is one of the lead contractors. The analyst now assumes a $150M charge on the project and reduced her Q2 earnings estimate to a loss of 18c. Kaminskaya rates CB&I shares an Underperform.

TODAY'S FREE FLY STORIES

TIF

Tiffany

$88.72

0.22 (0.25%)

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TIF

Tiffany

$88.72

0.22 (0.25%)

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TIF

Tiffany

$88.72

0.22 (0.25%)

06:40
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HMLP

Hoegh LNG

$18.60

0.25 (1.36%)

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Toshiba, also use TOSBF

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EXC

Exelon

$38.32

0.09 (0.24%)

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BDC

Belden

$73.25

0.08 (0.11%)

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HRL

Hormel Foods

$33.92

-0.46 (-1.34%)

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HRL

Hormel Foods

$33.92

-0.46 (-1.34%)

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HRL

Hormel Foods

$33.92

-0.46 (-1.34%)

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AVD

American Vanguard

$20.00

0.15 (0.76%)

06:32
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American Vanguard management to meet with Oppenheimer »

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HRL

Hormel Foods

$33.92

-0.46 (-1.34%)

06:31
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Hormel Foods reports Q3 EPS 34c, consensus 37c »

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WBC

Wabco

$138.46

0.22 (0.16%)

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AIN

Albany International

$51.10

-0.2 (-0.39%)

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Albany International management to meet with Sidoti »

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EADSY

Airbus

$20.89

-0.015 (-0.07%)

, DLAKY

Lufthansa

$24.60

-0.04 (-0.16%)

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SINGY

Singapore Airlines

CPCAY

Cathay Pacific

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LTD

L Brands

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BRCD

Brocade

$12.25

0.06 (0.49%)

, AVGO

Broadcom

$256.92

1.73 (0.68%)

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FB

Facebook

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GOOG

Alphabet

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, GOOGL

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NADL

North Atlantic Drilling

$1.19

0.02 (1.71%)

06:17
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North Atlantic Drilling reports Q2 EPS ($2.59), consensus ($2.97) »

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BIDU

Baidu

$224.99

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SHLD

Sears

$8.57

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06:13
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Earnings
Sears reports Q2 adjusted EPS ($1.16), consensus ($2.48) 

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