D.A. Davidson Continues Foster Wheeler $25 PT, Maintains Neutral
D.A. Davidson made no change to its Foster Wheeler (NASDAQ: FWLT) $25 price target and maintained its Neutral rating in a research report published today after the company's earnings release.
In the report, D.A. Davidson stated, "Earnings of $0.38 per share compared with $0.18 last year and were above our estimate of $0.34. Results reflected substantial margin improvement despite lower revenue levels. Most of the improvement came from the company's Global Power segment."
Shares of Foster Wheeler closed today at $23.99, up 4.30% from Monday's market close.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Tags: D.A. Davidson