UPDATE: Goldman Sachs Resumes Coverage on Chicago Bridge & Iron Company with Buy Rating, $68 PT on Best-In-Class LNG Franchise

In a report published Monday, Goldman Sachs analyst Jerry Revich resumed coverage on Chicago Bridge & Iron Company

with a Buy rating and $68.00 price target. In the report, Revich noted, “We resume coverage of CBI with a Buy rating and see 19% upside potential to our $68, 12-month price target. We are positive on CBI's best in class LNG franchise (33% of profits) and attractive competitive and technology positioning in the chemicals market (7%) driving our 15% above consensus estimates and strong orders growth over 2013-15E, more than offsetting a tough US Power (23%) outlook.” Chicago Bridge & Iron Company closed on Friday at $57.97.