Truist raised the firm’s price target on Fluor (FLR) to $56 from $51 and keeps a Buy rating on the shares. The firm cites the company’s Q3 earnings beat and guidance raise, which was driven by better profits in the ES segment as the Mexico project that had slowed last quarter has now re-ramped, coupled with a favorable outcome from a large energy project reaching completion, the analyst tells investors in a research note.
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