- BofA analyst Michael Feniger upgraded Fluor Corp (NYSE:FLR) to Neutral from Underperform with a $24 price target, implying an upside of 2.7%.
- Feniger says the sector’s CAPEX forecasts continue to observe positive revisions on rising commodity prices.
- Feniger further cites Fluor’s “record free cash flows” less dividend providing flexibility and the impact of core highway and bridge programs driving a 38% increase in spending levels.
- Recently, Credit Suisse raised the price target to $23 from $20 and maintained a Neutral rating on the shares.
- Price Action: FLR shares are trading higher by 4.66% at $23.37 on the last check Monday.
How To Attend Origin Agritech H1 2022 Earnings Conference Call
Origin Agritech (NASDAQ:SEED) will host a conference call at 08:00 AM ET on May 5, 2022, to discuss H1 2022 earnings results.
