J.P. Morgan Adjusts Estimates on The Shaw Group (SHAW)

J.P. Morgan is adjusting its estimates on The Shaw Group

to reflect a Q1 contract charge. J.P. Morgan's adjustments: EPS-Recurring ($) 2009A 2010A 2011E 2012E Q1 (Nov) 0.75 0.57A 0.59 0.05 Q2 (Feb) 0.22 0.49A 0.52 0.53 Q3 (May) 0.57 0.57A 0.53 0.58 Q4 (Aug) 0.48 0.55A 0.51 0.60 FY 2.02 2.19A 2.15 1.75 J.P. Morgan maintains its Underweight rating and $34.50 price target on SHAW. SHAW is trading at $33.55.