J.P. Morgan Neutral On Fluor (FLR)

J.P.Morgan Chase & Co remains Neutral on Fluor Corp. (NYSE: FLR) after attending the company's' investor day yesterday in San Francisco, CA.

After attending the conference J.P. Morgan wrote in a note to clients, "FLR highlighted the strength of its diversified business model, indicating that strength in certain end markets and geographies generally serve to offset weakness in others at various points in time. FLR’s global presence includes high-growth regions such as China (where the company employs ~850 people), Eastern Europe, and South America. Management also highlighted large-project potential in markets such as Iraq, Abu Dhabi, and potentially Afghanistan."

Shares of Fluor lost 37 cents yesterday, to close at $44.59.