Market Overview

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

Related CBI
Chicago Bridge Sees Bump After Warren Buffett Boosts Stake To 9.89%
Warren Buffett Reveals Quarterly Portfolio Changes As Berkshire Hathaway Shares Hit $200K

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.

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

 

Related Articles (CBI)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters