JP Morgan Maintains Overweight Rating on CBI

Analysts at J.P. Morgan reiterated their Overweight rating on shares of Chicago Bridge & Iron (CBI), while increasing their price target to $32 from $30.50. Despite the overweight rating given to the shares, J.P. Morgan remains concerned with "a slowdown in project flow due to a reduction in long-term hydrocarbon prices and reduced global demand for energy infrastructure." Chicago Bridge & Iron Company N.V. (CB&I) provides engineering, procurement, and construction (EPC) solutions, as well as process technologies for the energy infrastructure projects.