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UBS raises rating on Fluor Corp.; expects shares to rise by over 35%
Summary
Broker UBS raised its rating on Flour Corp. (NYSE: FLR), to ‘buy’ from ‘neutral’. UBS elevated its price target on the construction firm by US$12 to US$47, which marks an upside potential of 36% over FLR’s closing price on Wednesday.
UBS believes that Flour’s potential has been underappreciated by investors, leading the broker to up its rating and price target on FLR.
Fluor is a leading engineering and construction services provider. Its clientele spans diverse industries such as energy, mining, chemicals, metals, and transportation.
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