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