Gabelli & Company Maintain Chicago Bridge & Iron Buy (CBI)

Gabelli & Company maintained its Chicago Bridge & Iron CBI Buy rating in a research report published today. In the report, Gabelli states, "We were somewhat disappointed with CB&I's project awards, while revenue fell short of our prior estimate. However, we once again note that CB&I's larger average project size will lead to increased variability of new awards." Shares of Chicago Bridge & Iron were trading at $33.19 at the time of posting, up 0.61% from Wednesday's market close.