Jefferies Downgrades Chicago Bridge & Iron (CBI) to Hold

August 16, 2017 4:44 AM EDT
Get Alerts CBI Hot Sheet
Price: $16.39 --0%

Rating Summary:
    7 Buy, 15 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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Jefferies downgraded Chicago Bridge & Iron (NYSE: CBI) from Buy to Hold with a price target of $12.00 (from $35.00).

Analyst Martin Englert has concerns regarding cost overruns that could re-emerge and pose a risk to FY 2017-2019 EPS.

For an analyst ratings summary and ratings history on Chicago Bridge & Iron click here. For more ratings news on Chicago Bridge & Iron click here.

Shares of Chicago Bridge & Iron closed at $11.19 yesterday.



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