Citi Downgrades Chicago Bridge & Iron (CBI) to Neutral
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Chicago Bridge & Iron (CBI) Seen Defending its Position in $2B Dispute with Westinghouse - Deutsche Bank
July 22, 2016 3:27 PM EDTChicago Bridge & Iron (NYSE: CBI) has good basis to defend its position in a suit involving Westinghouse, said analyst Chad Dillard of Deutsche Bank, although the lawsuit could act as an "overhang" on the stock. The dispute involves claims CB&I owes Westinghouse $2 billion for a true-up of working capital related to the sale of two nuclear projects.
"Based on our reading of the complaint and the Purchase Agreement, we see good scope for CBI to defend its position. That said, this type of case tends to take time to... More
UBS Downgrades Chicago Bridge & Iron (CBI) to Neutral
July 22, 2016 10:44 AM EDTUBS downgraded Chicago Bridge & Iron (NYSE: CBI) from Buy to Neutral.
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 $38.75 yesterday.
... MoreBaird Downgrades Chicago Bridge & Iron (CBI) to Neutral
July 22, 2016 10:39 AM EDTBaird downgraded Chicago Bridge & Iron (NYSE: CBI) from Outperform to Neutral with a price target of $40.00 (from $45.00).
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 $38.75 yesterday.
... More