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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."

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GDOT

Green Dot

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SMSI

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NDRA

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$2.70

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BA

Boeing

$346.44

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BA

Boeing

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LLL

L3 Technologies

$210.37

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HSGX

Histogenics

$2.65

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PLD

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$67.45

1.79 (2.73%)

, DCT

DCT Industrial

$68.77

1.805 (2.70%)

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WLK

Westlake Chemical

$95.61

-1.33 (-1.37%)

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SM

SM Energy

$27.38

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PENN

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FB

Facebook

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WLK

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$95.61

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EAST

Eastside Distilling

$7.40

-0.01 (-0.13%)

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LOV

Spark Networks

$12.80

-0.095 (-0.74%)

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AHPA

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TCF

TCF Financial

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LGF.A

Lionsgate

$22.95

-0.11 (-0.48%)

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EME

EMCOR

$77.96

1.005 (1.31%)

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Options
Preliminary option volume of 22.3M today »

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