Jefferies Raises Fluor PT To $85, Maintains Buy (FLR)

Jefferies raised its Fluor FLR price target to $85 and maintained its Fluor Buy rating in a research report published today. In the report, Jefferies states, "Fluor delivered solid operational results (excluding charges) in a difficult environment, while reaffirming a rather confident business outlook. Fluor should benefit from its vast global network of clients, resources, sizable backlog, and diversified model. We are introducing 2012 estimates. We would be buyers on any weakness." Shares of Fluor were trading at $69.00 in pre-market trading at the time of posting, up 0.89% from Wednesday's market close.