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 8.63

-0.49 -5.37%
Volume: 1,667,152
Track CBI

FLR 42.84

-1.81 -4.05%
Volume: 5,317,344
Track FLR

FWLT 20.71

-2.45 -10.58%
Volume: 6,483,919
Track FWLT

JEC 39.27

-3.60 -8.40%
Volume: 4,032,102
Track JEC

SGR 15.70

-1.37 -8.03%
Volume: 2,987,563
Track SGR


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