Market Overview

UPDATE: D.A. Davidson Downgrades Fluor on Reduced Upside Potential


In a report published Friday, D.A. Davidson & Co. analyst John B. Rogers downgraded the rating on Fluor Corporation (NYSE: FLR) from Buy to Neutral, but reiterated the $75.00 price target.

In the report, D.A. Davidson & Co. noted, “The shares of Fluor have performed well over the past year, gaining over 20%, slightly ahead of the market. This price appreciation has brought the shares closer to our $75 price target and diminished the near-term upside potential for the stock. Accordingly, we are lowering our rating on the shares to NEUTRAL from Buy. As indicated below and detailed in the attached model, our financial projections for Fluor are unchanged. Our EPS estimates for the company are near the mid-point of management's guidance range for EPS of $3.85-$4.35 in 2013. Our projections represent a significant improvement from 2012, which included the impact of an adverse arbitration ruling.”

Fluor Corporation closed on Thursday at $72.03.

Latest Ratings for FLR

Nov 2020UBSMaintainsNeutral
Apr 2020UBSDowngradesBuyNeutral
Apr 2020CitigroupDowngradesBuyNeutral

View More Analyst Ratings for FLR
View the Latest Analyst Ratings


Related Articles (FLR)

View Comments and Join the Discussion!

Posted-In: D.A. Davidson & Co. John B. RogersAnalyst Color Downgrades Analyst Ratings

Latest Ratings

SLGMorgan StanleyMaintains58.3
FASTMorgan StanleyMaintains49.0
EGHTMorgan StanleyMaintains35.0
CARMorgan StanleyMaintains44.0
BKMorgan StanleyMaintains50.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at