Market Overview

UPDATE: Cowen and Company Initiates Coverage on Chicago Bridge & Iron Company NV on Multiple Positive Factors

Share:
Related CBI
Mid-Afternoon Market Update: Crude Oil Down Over 2%; McKesson Shares Drop On Downbeat Earnings
20 Biggest Mid-Day Gainers For Friday

In a report published Tuesday, Cowen and Company analyst Daniel W. Scott initiated coverage on Chicago Bridge & Iron Company NV (NYSE: CBI) with an Outperform rating and $98.00 price target.

In the report, Cowen and Company noted, “We are initiating coverage on Chicago Bridge & Iron with an Outperform rating and price target of $98/share. We favor CBI for its earnings growth and operating stability, exposure to diversified end markets, best in class margins, and strong technical operating groups. We believe CBI is well positioned to capitalize in the energy subsectors which we favor most, notably petrochemicals and LNG.”

Chicago Bridge & Iron Company NV closed on Monday at $82.78.

Latest Ratings for CBI

DateFirmActionFromTo
Sep 2016Credit SuisseMaintainsOutperform
Sep 2016Johnson RiceDowngradesBuyHold
Sep 2016MacquarieMaintainsUnderperform

View More Analyst Ratings for CBI
View the Latest Analyst Ratings

Posted-In: Cowen and Company Daniel W. ScottAnalyst Color Initiation Analyst Ratings

 

Related Articles (CBI)

View Comments and Join the Discussion!