UPDATE: Credit Suisse Raises PT on Chicago Bridge & Iron NV Following Company Investor Day

In a report published Thursday, Credit Suisse analyst J. Cook reiterated a Neutral rating on Chicago Bridge & Iron Company NV CBI, and raised the price target from $75.00 to $76.00. In the report, Credit Suisse noted, “We attended CBI's investor day in New York today and are encouraged by the breadth of oppty's on the horizon, especially those driven by spend in petrochem and LNG in NA and internationally. CBI provided its initial 2014 guidance and expects EPS in the range of $4.80-$5.65, or midpoint of $5.23, vs. the street at $5.18.” Chicago Bridge & Iron Company closed on Wednesday at $77.50.