J.P. Morgan Maintains Neutral Rating On The Shaw Group

According to J.P. Morgan, the Shaw Group

maintains its Neutral rating. J.P. Morgan said that SHAW stock was off nearly 8% yesterday (S&P +0.8%) in response to disappointing results and guidance. “Although a new buy back and a potential for improved booking could support the stock, uncertainties regarding nuclear approval and a troubled chemicals project could limit upside over the next few quarters.” The Shaw Group closed yesterday at $29.83.