D.A. Davidson Continues Foster Wheeler $25 PT, Maintains Neutral

D.A. Davidson made no change to its Foster Wheeler

$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.