UBS Maintains a 'Buy' on Flour (FLR); Headwinds Turning Into Tailwinds
Tweet
Share
E-mailGet Alerts FLR Hot Sheet
Price: $52.37 +0.08%
Rating Summary:
13 Buy, 18 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
13 Buy, 18 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
UBS maintains a 'Buy' on Flour (NYSE: FLR) price target raised from $68 to $71.
UBS analyst says, "Q4 EPS of $0.90 beat the Street on lower tax rate (in-line ex-tax benefit)...Backlog declines after 6 growth qtrs; weak I&I, Gov’t, Global Services bookings...FLR maintained 2012 guidance of $3.40-$3.80. Going into the quarter, we thought there was some risk to the downside, given some general headwinds. Most of the headwinds played out, but the message on the conf call was very bullish. The tone plus better than expected I&I margins could be enough to keep the stock flat. While some headwinds will still remain in the first couple of quarters of 2012, we generally expect tailwinds in 2H, and we maintain our rating."
UBS raises FY12 from $3.75 to $3.80, maintains FY13 at $4.30.
For an analyst ratings summary and ratings history on Flour click here. For more ratings news on Flour click here.
Shares of Flour closed at $60.36 yesterday.
UBS analyst says, "Q4 EPS of $0.90 beat the Street on lower tax rate (in-line ex-tax benefit)...Backlog declines after 6 growth qtrs; weak I&I, Gov’t, Global Services bookings...FLR maintained 2012 guidance of $3.40-$3.80. Going into the quarter, we thought there was some risk to the downside, given some general headwinds. Most of the headwinds played out, but the message on the conf call was very bullish. The tone plus better than expected I&I margins could be enough to keep the stock flat. While some headwinds will still remain in the first couple of quarters of 2012, we generally expect tailwinds in 2H, and we maintain our rating."
UBS raises FY12 from $3.75 to $3.80, maintains FY13 at $4.30.
For an analyst ratings summary and ratings history on Flour click here. For more ratings news on Flour click here.
Shares of Flour closed at $60.36 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Solar Industries (SOIL:IN) PT Raised to INR23,500 at ICICI Securities
- GMR Airports Infrastructure (GMRI:IN) PT Raised to INR99 at ICICI Securities
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
