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Sterne Agee Reiterates Buy Rating, $56 PT on Chicago Bridge & Iron Company

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In a report published Wednesday, Sterne Agee Group reiterated its Buy rating and $56.00 price target on Chicago Bridge & Iron Company (NYSE: CBI).

Sterne Agee noted, “CB&I continues to add backlog supporting a strong finish to 2012. We believe LNG engineering and structural work in new locations should provide ample opportunities for backlog expansion throughout 2013. We would add to or open positions.”

Chicago Bridge & Iron Company closed on Monday at $45.35.

Latest Ratings for CBI

DateFirmActionFromTo
Sep 2016Johnson RiceDowngradesBuyHold
Sep 2016MacquarieMaintainsUnderperform
Jul 2016MKM PartnersMaintainsBuy

View More Analyst Ratings for CBI
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Posted-In: Sterne Agee GroupAnalyst Color Reiteration Analyst Ratings

 

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