JP Morgan Initiates Chicago Bridge & Iron With Overweight

Analysts at JP Morgan initiated coverage on

with a Overweight rating. The target price for Chicago Bridge & Iron is set to $65. Chicago Bridge & Iron shares have dropped 29.16 percent over the past 52 weeks, while the S&P 500 index has surged 8.92 percent in the same period. Chicago Bridge & Iron shares closed at $53.08 yesterday.