Fluor price target raised to $47 from $45 at Truist

Truist raised the firm’s price target on Fluor (FLR) to $47 from $45 and keeps a Buy rating on the shares. The company’s Q1 results topped estimates on the bottom line even though its revenue was light of consensus by 6%, the analyst tells investors in a research note. Despite the “modest noise” in the quarter, Q1 was was overall a clean beat, with Fluor also having benefited from $0.08-$0.09 in lower performance-based compensation, Truist added.