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CBI

CB&I

$17.26

0.08 (0.47%)

08:04
12/07/17
12/07
08:04
12/07/17
08:04

CB&I awarded EPC contract for over $95M by Saudi Aramco Shell Refinery

CB&I has been awarded a contract for more than $95M by Saudi Aramco Shell Refinery. The scope of work includes the engineering, procurement and construction management for SASREF's modernization and expansion of its existing refinery in Al-Jubail city, Saudi Arabia. CB&I has completed the conceptual design and FEED phases of the project.

  • 11

    Dec

CBI CB&I
$17.26

0.08 (0.47%)

08/16/17
AGIS
08/16/17
NO CHANGE
Target $77
AGIS
Buy
W.R. Grace could rally $10 on CB&I unit acquisition, says Aegis
Aegis analyst Chris Kapsch believes Grace (GRA) is likely to become bigger via acquisitions and that CB&I's (CBI) process technology licensing division is a potential target. CB&I is a highly motivated seller, looking to complete the divestiture by year end, Kapsch tells investors in a research note. He believes Grace may be willing to pay as much as $1.5B for the asset and his "rough math" suggests such a deal could be 55c-60c accretive in FY18. This sort of deal accretion could be worth as much as $10 per share for Grace's equity, Kapsch argues. He has a Buy rating on Grace with a $77 price target.
08/16/17
08/16/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Dick's Sporting (DKS) was downgraded to Neutral from Buy at Monness Crespi, Goldman Sachs, MKM Partners, Buckingham, Citi, and to Neutral from Positive at Susquehanna, while being downgraded to Hold from Buy at Deutsche Bank and to Sector Perform from Outperform at RBC Capital. 2. Teva (TEVA) downgraded to Neutral from Buy at Citi with analyst Liav Abraham saying Teva is "cheap, but not cheap enough." 3. Advance Auto Parts (AAP) downgraded to Neutral from Overweight at Atlantic Equities with analyst Sam Hudson citing limited near-term visibility. 4. SL Green Realty (SLG) and Kilroy Realty (KRC) were downgraded to Neutral from Buy at BofA/Merrill, while Gramercy Property Trust (GPT) was downgraded to Underperform from Neutral. 5. CB&I (CBI) downgraded to Hold from Buy at Jefferies with analyst Martin Englert saying he is concerned that cost overruns at the company's two LNG projects could reemerge, adding risk to 2017-2019 earnings. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/30/17
BOFA
08/30/17
NO CHANGE
Target $9.5
BOFA
Underperform
CB&I price target lowered to $9.50 from $11.50 at BofA/Merrill
BofA Merrill Lynch analyst Anna Kaminskaya lowered her price target on CB&I shares to $9.50 from $11.50, stating that she assumes the company will divest its Technology segment for its announced expectation of $2B, which she views at a conservative multiple due to the "forced sale" scenario the company is in. She has also lowered her forecast for profitability at its core E&C segment. Kaminskaya keeps an Underperform rating on CB&I shares.
10/25/17
LOOP
10/25/17
NO CHANGE
Target $81
LOOP
Buy
Chicago Bridge & Iron may be a fit for W.R. Grace M&A, says Loop Capital
Loop Capital analyst Chris Kapsch speculates that W.R. Grace (GRA) is poised to pull the trigger on M&A and sees Chicago Bridge & Iron (CBI) as an "obvious fit" when the latter reports Q3 results early next week. Kapsch says W.R.Grace is the "most likely to succeed" as a suitor in the process and models about 60c of EPS accretion sans equity from the deal. The analyst also maintains his Buy rating and $81 price target on W.R. Grace following Q3 results, as the company overcame a $4M EBIT impact from Hurricane Harvey, adding the 7% increase in Catalyst segment volume comp is "encouraging."

TODAY'S FREE FLY STORIES

FE

FirstEnergy

$38.33

-0.36 (-0.93%)

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STRO

Sutro Biopharma

$12.00

-1.44 (-10.71%)

17:34
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Earnings
Sutro Biopharma reports Q3 EPS ($21.16), may not compare to consensus (16c) »

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  • 27

    Nov

TRCO

Tribune Media

$39.16

0.38 (0.98%)

, ADM

Archer Daniels

$46.60

-1.43 (-2.98%)

17:34
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Soros adds to Microsoft stake, reduces Spotify stake in Q3 »

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TRCO

Tribune Media

$39.16

0.38 (0.98%)

ADM

Archer Daniels

$46.60

-1.43 (-2.98%)

DIS

Disney

$117.13

0.3 (0.26%)

KHC

Kraft Heinz

$52.63

-0.75 (-1.41%)

MDLZ

Mondelez

$43.76

-0.33 (-0.75%)

NXPI

NXP Semiconductors

$82.12

0.34 (0.42%)

COL

Rockwell Collins

$132.10

0.68 (0.52%)

NOW

ServiceNow

$167.34

-1.25 (-0.74%)

EA

Electronic Arts

$85.67

-1.73 (-1.98%)

SIGM

Sigma Designs

$0.00

(0.00%)

MSFT

Microsoft

$105.00

-1.47 (-1.38%)

I

Intelsat

$25.27

-0.3 (-1.17%)

ESRX

Express Scripts

$96.51

-0.38 (-0.39%)

SIVB

SVB Financial

$234.01

-8.67 (-3.57%)

COUP

Coupa Software

$62.01

0.79 (1.29%)

SPOT

Spotify

$134.01

2.32 (1.76%)

NFLX

Netflix

$286.60

-8.05 (-2.73%)

JPM

JPMorgan

$107.36

-2.23 (-2.03%)

WFC

Wells Fargo

$52.15

-0.59 (-1.12%)

BAC

Bank of America

$27.23

-0.53 (-1.91%)

LBRDK

Liberty Broadband

$82.44

-0.1 (-0.12%)

VICI

VICI Properties

$21.43

-0.04 (-0.19%)

AET

Aetna

$208.16

-1.52 (-0.72%)

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    Feb

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    Feb

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    Mar

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    Apr

  • 13

    Jul

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    Oct

  • 15

    Nov

A

Agilent

$63.48

-0.9 (-1.40%)

17:34
11/14/18
11/14
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17:34
Hot Stocks
Agilent completes acquisition of ACEA Biosciences for $250M in cash »

Agilent Technologies…

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  • 19

    Nov

WNC

Wabash

$15.20

0.11 (0.73%)

17:32
11/14/18
11/14
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17:32
Hot Stocks
Wabash appoints Kristin Glazner as Chief Human Resources Officer »

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03/06/13
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17:25
11/14/18
11/14
17:25
11/14/18
17:25
Conference/Events
Wedbush enterprise analyst to hold a group dinner meeting »

Enterprise Software…

CI

Cigna

$212.38

-0.625 (-0.29%)

, EGN

Energen

$69.80

0.68 (0.98%)

17:23
11/14/18
11/14
17:23
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17:23
Hot Stocks
Icahn exits Cigna, boosts Energen, Newell Brands stakes in Q3 »

Carl Icahn's Icahn…

CI

Cigna

$212.38

-0.625 (-0.29%)

EGN

Energen

$69.80

0.68 (0.98%)

IEP

Icahn Enterprises

$67.89

-1.41 (-2.03%)

NWL

Newell Brands

$20.63

0.1 (0.49%)

VMW

VMware

$152.41

1.86 (1.24%)

LNG

Cheniere Energy

$58.54

-1.07 (-1.80%)

CVI

CVR Energy

$37.97

-0.53 (-1.38%)

HLF

Herbalife Nutrition

$54.70

-0.35 (-0.64%)

03/08/13
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  • 06

    Dec

  • 10

    Jan

AVID

Avid

$5.79

0.19 (3.39%)

17:21
11/14/18
11/14
17:21
11/14/18
17:21
Earnings
Avid sees FY19 revenue $420M-$430M, consensus $420.19M »

Sees FY19 adjusted EBITDA…

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  • 14

    Nov

LMT

Lockheed Martin

$303.25

-2.65 (-0.87%)

17:19
11/14/18
11/14
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17:19
Hot Stocks
Lockheed Martin awarded $382M Naval Air Systems Command contract »

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PAH

Platform Specialty Products

$10.56

-0.145 (-1.35%)

17:19
11/14/18
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17:19
Hot Stocks
Platform Specialty Products director Martin Franklin buys over $2.2M in shares »

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  • 14

    Nov

SU

Suncor

$33.42

0.88 (2.70%)

17:18
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Hot Stocks
Suncor CEO Steve Williams to retire on May 2, 2019, Mark Little to succeed »

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LMT

Lockheed Martin

$303.25

-2.65 (-0.87%)

17:16
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Hot Stocks
Lockheed Martin awarded $22.71B Naval Air Sytems Command contract modification »

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MDLZ

Mondelez

$43.76

-0.33 (-0.75%)

, LOW

Lowe's

$95.02

-0.61 (-0.64%)

17:16
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Hot Stocks
Pershing Square exits Mondelez, cuts Chipotle stake in Q3 »

Bill Ackman's…

MDLZ

Mondelez

$43.76

-0.33 (-0.75%)

LOW

Lowe's

$95.02

-0.61 (-0.64%)

UTX

United Technologies

$128.89

-0.245 (-0.19%)

CMG

Chipotle

$478.96

-6.09 (-1.26%)

HHC

Howard Hughes

$109.31

0.295 (0.27%)

ADP

ADP

$142.75

-2.11 (-1.46%)

QSR

Restaurant Brands

$55.37

-0.3 (-0.54%)

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  • 20

    Nov

MNK

Mallinckrodt

$30.92

-0.17 (-0.55%)

17:11
11/14/18
11/14
17:11
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17:11
Hot Stocks
Mallinckrodt reports on FDA advisory committee findings on Roxicodone »

SpecGx LLC, a subsidiary…

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  • 14

    Nov

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    Nov

  • 16

    Nov

EYE

National Vision

$41.79

0.72 (1.75%)

17:08
11/14/18
11/14
17:08
11/14/18
17:08
Syndicate
National Vision files to sell 12.5M shares of common stock for holders »

Goldman Sachs & Co.…

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PPG

PPG

$105.35

1.03 (0.99%)

, MDLZ

Mondelez

$43.76

-0.33 (-0.75%)

17:08
11/14/18
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Hot Stocks
Trian raises stakes in PPG Industries, GE, cuts stake in Sysco in Q3 »

Nelson Peltz's Trian…

PPG

PPG

$105.35

1.03 (0.99%)

MDLZ

Mondelez

$43.76

-0.33 (-0.75%)

GE

General Electric

$8.34

-0.265 (-3.08%)

SYY

Sysco

$66.47

-0.45 (-0.67%)

PG

Procter & Gamble

$93.50

0.03 (0.03%)

BK

BNY Mellon

$48.25

0.05 (0.10%)

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  • 14

    Nov

  • 03

    Mar

WPM

Wheaton Precious Metals

$15.97

0.25 (1.59%)

17:05
11/14/18
11/14
17:05
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17:05
Hot Stocks
Wheaton Precious Metals sees 2018 gold production 355K ounces »

Wheaton's estimated…

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  • 15

    Nov

TER

Teradyne

$34.90

0.88 (2.59%)

17:05
11/14/18
11/14
17:05
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17:05
Hot Stocks
Teradyne to transfer stock listing to Nasdaq from NYSE »

Teradyne announced that…

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  • 14

    Nov

ACBI

Atlantic Capital

$15.40

-0.62 (-3.87%)

17:05
11/14/18
11/14
17:05
11/14/18
17:05
Hot Stocks
Atlantic Capital announces $85M stock repurchase plan »

Atlantic Capital…

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  • 06

    Dec

FBK

FB Financial

$37.72

-0.65 (-1.69%)

, ACBI

Atlantic Capital

$15.40

-0.62 (-3.87%)

17:04
11/14/18
11/14
17:04
11/14/18
17:04
Hot Stocks
FB Financial acquires branches from Atlantic Capital Bank »

FB Financial (FBK)…

FBK

FB Financial

$37.72

-0.65 (-1.69%)

ACBI

Atlantic Capital

$15.40

-0.62 (-3.87%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 14

    Nov

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    Nov

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    Dec

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    Dec

  • 06

    Dec

WPM

Wheaton Precious Metals

$15.97

0.25 (1.59%)

17:04
11/14/18
11/14
17:04
11/14/18
17:04
Earnings
Wheaton Precious Metals reports Q3 adjusted EPS 8c, consensus 10c »

Reports Q3 revenue $186M,…

03/08/13
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03/06/13
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  • 15

    Nov

ZTO

ZTO Express

$16.08

0.26 (1.64%)

17:03
11/14/18
11/14
17:03
11/14/18
17:03
Hot Stocks
ZTO Express announces up to $500M share repurchase program »

ZTO Express announced…

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  • 14

    Nov

ZTO

ZTO Express

$16.08

0.26 (1.64%)

17:03
11/14/18
11/14
17:03
11/14/18
17:03
Earnings
ZTO Express sees Q4 adjusted net income RMB1.2B-RMB1.3B »

Sees Q4 parcel volume up…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 14

    Nov

ZTO

ZTO Express

$16.08

0.26 (1.64%)

17:02
11/14/18
11/14
17:02
11/14/18
17:02
Earnings
ZTO Express reports Q3 earnings per ADS RMB1.35 vs RMB1.00 last year »

Reports Q3 revenue…

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  • 14

    Nov

AVYA

Avaya

$15.75

-0.09 (-0.57%)

17:01
11/14/18
11/14
17:01
11/14/18
17:01
Hot Stocks
Avaya announces $15M warrant repurchase program »

Avaya Holdings announced…

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  • 04

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    Dec

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