Goldman Sachs Added Chicago Bridge & Iron (CBI) to Conviction Buy List
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Goldman Sachs is added Chicago Bridge & Iron (NYSE: CBI) to their Conviction Buy List and raised their price target form $25 to $26, saying the company is "catalyst rich", leveraged to Australia LNG, and is still inexpensive.
Some catalyst the firm cited include: Refinery/petrochemical awards, LNG storage tank awards and margin upside due to lower write-downs on South Hook LNG facility.
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