Construction & Engineering

Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it has been selected by both BP (NYSE: BP) and Davy Process Technology Ltd, to help seek deployment opportunities for the proven BP / Davy Fischer Tropsch process, on a non-exclusive basis. Under the agreement, Jacobs is providing...

Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it has been awarded the Ras Tanura Refinery Clean Fuels and Aromatics Project, the first major project to be awarded under the Saudi Aramco General Engineering and Project Management Services Contract. Jacobs is executing the project...

KBR (NYSE: KBR) today announced it has been awarded a contract for the partial demolition and the rebuild of two process recovery boilers by ANDRITZ Inc.The work is to be performed at Packaging Corporation of America's linerboard mill in Counce, Tenn. KBR will partially demolish two existing...

KBR (NYSE: KBR) today announced it has been awarded a contract for the partial demolition and the rebuild of two process recovery boilers by ANDRITZ Inc.The work is to be performed at Packaging Corporation of America's linerboard mill in Counce, Tenn. KBR will partially demolish two existing...

Robert W. Baird upgraded Jacobs Engineering Group Inc (NYSE: JEC) from “neutral” to “outperform.” JEC's shares closed at $46.59 on Friday. JEC's trailing-twelve-month revenue is $9.76 billion. Analysts at JP Morgan upgraded Signature Bank (NASDAQ: SBNY) from “neutral” to “overweight.” SBNY's...

Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary in its Global Engineering and Construction Group has been awarded a contract by Star Petroleum Refining Company Limited for front-end engineering design for the Residue Fluidized Catalytic Cracking Unit Revamp Turnaround and...

Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Power Group has been awarded a contract by Zhejiang Jiahua Industrial Park Investment & Development Company for the design and supply of three circulating fluidized-bed steam generators to meet rapidly increasing...

According to J.P. Morgan, Amgen (NASDAQ: AMGN) target is raised to $70. J.P. Morgan said that Amgen's fundamentals are balanced by two primary issues: upside potential from Prolia/Xgeva (dmab) and downside risk from the anemia (ESA) franchise. “These two issues drive sentiment on AMGN shares and...

Piper Jaffray reduced its price target on Quanta Services (NYSE: PWR) from $25 to $22. In a research report published today, Piper remains upbeat on Quanta's future in spite of some drawbacks. In the report, Piper states, "Despite regulatory hurdles and pricing challenges that hampered 1Q...

Piper Jaffray has lowered the price target on Quanta Services (NYSE: PWR) from $25 to $22 and maintains its Overweight rating.

Wedbush is raising its price target on Primoris Services Corp. (NASDAQ: PRIM) from $10 to $11 following the company's strong 1Q results. Says Wedbush, in its report, “Although we acknowledge that we could become more constructive on shares of Primoris on signs of sustained operating results along...

Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary in its Global Engineering and Construction Group has been awarded a contract by Thai Oil Public Company Limited for the basic design engineering package and engineering, procurement and construction management services for the...

Wedbush Securities has raised the price target on Primoris Services (NASDAQ: PRIM) from $10 to $11 and maintains its Neutral rating.

J.P. Morgan is out with its report today on URS (NYSE: URS), raising its PT from $45 to $47.50. In a note to clients, J.P. Morgan writes, "We rate URS Neutral. On our 2011 EPS estimate, URS trades at an 12.5x P/E, a 30% discount to the E&Cs, due, in our view, to its exposure to public-sector...

JP Morgan has raised the price target on URS Corporation (NYSE: URS) from $45 to $47.50 and maintains its Neutral rating.