UPDATE: D.A. Davidson & Co. Reiterates on Fluor as Mix Generates Stable Growth in Volatile Market
In a report published Wednesday, D.A. Davidson & Co. analyst John B. Rogers reiterated a Neutral rating on Fluor (NYSE: FLR), and raised the price target from $75.00 to $90.00.
In the report, D.A. Davidson & Co. noted, “Fluor reported fourth quarter earnings of $1.01 per share, in line with our estimate of $1.02. These results were up sharply from a loss of $0.03 in 2012, which included a variety of unusual net charges. For the full-year, total EPS reached a record level of $4.08 per share. Please see our recent variance report.”
Fluor closed on Tuesday at $80.13.
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