Fluor Corp. (FLR) Tops Q4 EPS by 11c

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Go back to Fluor Corp. (FLR) Tops Q4 EPS by 11c

FBR Capital Downgrades Fluor (FLR) to Market Perform

February 19, 2016 6:20 AM EST

FBR Capital downgraded Fluor (NYSE: FLR) from Outperform to Market Perform with a price target of $46.00 (from $57.00).

Analyst Alex Rygiel commented, "We are downgrading FLR to a Market Perform (from OP) due to intermediateterm uncertainty of new project awards and backlog. We believe the risk to... More