D.A. Davidson Previews Upcoming Shaw Group Earnings
D.A. Davidson provided color on Shaw Group's (NYSE: SHAW) upcoming third fiscal quarter earnings, slated for release on Tuesday, July 10 before market open, in a research report published Friday morning. D.A. Davidson has a Neutral rating and $28 price target on the company.
In the report, D.A. Davidson stated, 'With the planned sale of the E&C business and Westinghouse investment, Shaw is likely to substantially increase its net cash position over the next several quarters."
Later in the report, D.A. Davidson noted, "We expect investors will be focused on possible uses, including investment opportunities and/or further returns to shareholders. "
Shares of Shaw Group were trading at $27.91 at the time of posting, down 0.57% from Thursday's market close.
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