Sterne Agee Initiates Coverage Engineering & Heavy Construction Stocks CBI, FLR, JEC, SGR and FWLT

September 5, 2008 1:21 PM EDT

Sterne Agee initiates coverage on Chicago Bridge & Iron (NYSE: CBI), Fluor Corp (NYSE: FLR), Jacobs Engineering (NYSE: JEC) and The Shaw Group (NYSE: SGR) with a Hold. CBI price target $30, FLR price target $68, JEC price target $67 and SGR price target is $44.

Sterne Agee initiates coverage on Foster Wheeler (Nasdaq: FWLT) with a Buy. Price target $50.

Foster Wheeler Limited operates through two business groups, the Global Engineering & Construction Group (Global E&C Group) and the Global Power Group.


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New Coverage

Stocks Mentioned

CBI 12.09

+1.25 +11.53%
Volume: 2,375,232
Track CBI

FLR 49.36

+2.57 +5.49%
Volume: 4,746,809
Track FLR

FWLT 26.61

+1.29 +5.09%
Volume: 4,799,460
Track FWLT

JEC 51.70

+2.07 +4.17%
Volume: 2,755,521
Track JEC

SGR 27.33

+5.16 +23.27%
Volume: 12,271,500
Track SGR


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