DA Davidson analyst Brent Thielman raised the firm’s price target on Fluor (FLR) to $55 from $50 and keeps a Buy rating on the shares after its Q3 earnings beat. Monetization of the remaining portion of NuScale Power (SMR) over the next several months should permit ongoing significant repurchase activity, the analyst tells investors in a research note.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLR:
- Fluor price target lowered to $48 from $52 at Baird
- Positive Outlook for Fluor: Buy Rating Backed by Strategic Financial Moves and Monetization Plans
- Funding needs, Fluor sales should keep NuScale shares under pressure, says Citi
- Morning Movers: Wendy’s ascends following third quarter results
- Fluor raises FY25 adjusted EPS view to $2.10-$2.25 from $1.95-$2.15