Pritchard Capital Reiterates Buy On Fluor (FLR)

Pritchard Capital is reiterating its Buy rating and $66 price target on Fluor Corporation Common Stock FLR after the company received financing to work on a Denver rail project. In a note to clients Pritchard Capital writes, "FLR’s stake in the project unchanged, undisclosed amount will be booked in Q3. Reiterate bullish stance on the company’s accretive use of its balance sheet." Shares of Fluor closed at $46.30 yesterday.