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

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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
May 2016Johnson RiceUpgradesAccumulateBuy
Apr 2016JP MorganMaintainsOverweight
Apr 2016Deutsche BankAssumesBuy

View More Analyst Ratings for CBI
View the Latest Analyst Ratings

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

 

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