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CBI

CB&I

$16.33

-0.08 (-0.49%)

07:08
08/10/17
08/10
07:08
08/10/17
07:08

Technical View: CB&I tumbles after results, suspension of dividend

The stock was last down over 18.5% to $13.30 in pre-market trading. At that price next support is at the 52-week low at $12.91 and then at $12.40. Resistance is at $13.93.

CBI CB&I
$16.33

-0.08 (-0.49%)

08/10/17
SBSH
08/10/17
NO CHANGE
Target $18
SBSH
Neutral
Citi cuts CB&I target, doesn't see 'big liquidity risk'
Citi analyst Andrew Kaplowitz says the seemingly forced sale of CB&I's Technology business is more concerning than he expected. Cost overruns on two gas plants and two U.S. Gulf coast LNG projects that resulted in $548M charges in the quarter seemed to force the company's hand, Kaplowitz tells investors in a research note. The good news, the analyst writes, it that he doesn't see "big liquidity risk" for CB&I because Technology is a "significantly valuable asset that should have lots of interested buyers." The analyst is concerned, however, that the charges in Q2 are "more the start and not the end" of CB&I's challenges. Kaplowitz lowered his price target for the shares to $18 from $20 and keeps a Neutral rating on the name.
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.
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.
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.

TODAY'S FREE FLY STORIES

SGY

Stone Energy

$35.49

1.15 (3.35%)

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INCY

Incyte

$98.95

-6.52 (-6.18%)

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TMUS

T-Mobile

$60.30

0.28 (0.47%)

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Upgrade
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HRL

Hormel Foods

$33.40

0.28 (0.85%)

08:59
11/21/17
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08:59
Technical Analysis
Technical View: Hormel Foods trades up after earnings beat »

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SNSS

Sunesis

$2.87

0.01 (0.35%)

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$93.60

-0.01 (-0.01%)

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Initiation
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SNSS

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$2.87

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ABBV

AbbVie

$93.60

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DSW

DSW

$22.53

0.38 (1.72%)

08:57
11/21/17
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Technical Analysis
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  • 21

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A

Agilent

$69.96

1.17 (1.70%)

08:57
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Agilent analyst commentary  »

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  • 30

    Nov

GE

General Electric

$17.98

-0.23 (-1.26%)

, BAC

Bank of America

$26.74

0.12 (0.45%)

08:55
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Options
Notable open interest changes for November 21st »

Monday's total…

GE

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$17.98

-0.23 (-1.26%)

BAC

Bank of America

$26.74

0.12 (0.45%)

BABA

Alibaba

$188.00

2.87 (1.55%)

AAPL

Apple

$169.98

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SGY

Stone Energy

$35.49

1.15 (3.35%)

08:55
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Hot Stocks
Breaking Hot Stocks news story on Stone Energy »

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NETS

Netshoes

08:53
11/21/17
11/21
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Recommendations
Netshoes analyst commentary  »

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CUB

Cubic

$53.50

0.5 (0.94%)

08:51
11/21/17
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Cubic analyst commentary  »

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  • 28

    Nov

AXGN

AxoGen

$24.30

0.7 (2.97%)

08:51
11/21/17
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AxoGen analyst commentary  »

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  • 28

    Nov

CPB

Campbell Soup

$49.93

0.21 (0.42%)

08:48
11/21/17
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08:48
Hot Stocks
Campbell continues to expect Campbell Fresh to return to profitability this year »

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  • 21

    Nov

GE

General Electric

$17.98

-0.23 (-1.26%)

08:48
11/21/17
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General Electric analyst commentary  »

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EV

Eaton Vance

$52.27

0.48 (0.93%)

08:48
11/21/17
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Hot Stocks
Eaton Vance reports AUM $382.4B for FY17 »

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  • 21

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EV

Eaton Vance

$52.27

0.48 (0.93%)

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Earnings
Eaton Vance reports Q4 adjusted EPS 70c, consensus 71c »

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  • 21

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MBI

MBIA

$8.95

-0.06 (-0.67%)

, GME

GameStop

$16.44

0.13 (0.80%)

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Largest borrow rate increases among liquid names »

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MBI

MBIA

$8.95

-0.06 (-0.67%)

GME

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$16.44

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AAOI

Applied Optoelectronics

$43.48

-1.56 (-3.46%)

XLV

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$80.90

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NUGT

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$28.92

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OSTK

Overstock.com

$56.65

4.25 (8.11%)

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General news
U.S. October Chicago Fed National Activity index rose 0.29 points to 0.65 »

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SSY

SunLink Health Systems

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Breaking Hot Stocks news story on SunLink Health Systems »

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LOW

Lowe's

$81.46

1.24 (1.55%)

08:44
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Lowe's analyst commentary  »

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  • 21

    Nov

PANW

Palo Alto Networks

$142.53

-0.19 (-0.13%)

08:43
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Palo Alto Networks analyst commentary  »

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  • 11

    Dec

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CPB

Campbell Soup

$49.93

0.21 (0.42%)

08:43
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Campbell Soup says expects to complete Pacific Foods acquisition by year-end »

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  • 21

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SHOP

Shopify

$108.56

3.67 (3.50%)

, FB

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$178.74

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08:43
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Shopify, Facebook analyst commentary  »

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SHOP

Shopify

$108.56

3.67 (3.50%)

FB

Facebook

$178.74

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AMZN

Amazon.com

$1,126.31

-3.57 (-0.32%)

, RAD

Rite Aid

$1.56

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08:41
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Amazon.com, Rite Aid analyst commentary  »

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$1,126.31

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RAD

Rite Aid

$1.56

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  • 18

    Mar

SGY

Stone Energy

$35.49

1.15 (3.35%)

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