Jefferies Reports On Lagging Construction Industry

Jefferies has issued a report regarding the state of the construction industry.

According to Jefferies, “While the US economy appears to be improving over the last few months, the construction industry faces several obstacles including uncertainty and a lack of funding, higher costs, and increasing austerity measures. We continue to recommend Tutor Perini as the company actively diversifies its business model to win new awards and position itself to navigate the difficult environment ahead.”

Tutor Perini (NYSE: PTC) closed yesterday at $25.37 a share.