Construction & Engineering

Stifel Nicolaus is lowering its PT on shares of Quanta Services, Inc. (NYSE: PWR) – which moves from $30 to $29 – and Sourcefire, Inc. (NASDAQ: FIRE) – which moves from $30 to $28. Quanta Services closed Wednesday at $19.12. Sourcefire closed Wednesday at $25.25.

Wedbush Securities has lowered the price target on Quanta Services (NYSE: PWR) from $27 to $23 and maintains its Outperform rating.

According to J.P. Morgan, Quanta Services (NYSE: PWR) discussed its Q1 results and outlook on a call this morning. J.P. Morgan said that although the project issues cited on the call appear largely relegated to 1H11, growing regulatory uncertainties limit near-term visibility, given its impact on...

Aecom Tech (NYSE: ACM) Reports EPS of $0.49 vs. $0.49 Estimate; Revenues $1.94B vs. $2.06B Estimate

JP Morgan has raised the price target on Quanta Services (NYSE: PWR) from $22.50 to $25 and maintains its Overweight rating.

US stock futures are lower this morning, as investors are awaiting earnings from General Motors Co (NYSE: GM), same-store sales data and a meeting of the European Central Bank (ECB). Futures on the Dow Jones Industrial Average dropped 25 points to 12,647.00 and futures on the S&P 500 stock...

Sara Lee Corp (NYSE: SLE) is estimated to post its Q3 EPS at $0.25 on revenue of $2.23 billion. General Motors Company (NYSE: GM) is projected to report its Q1 EPS at $0.93 on revenue of $35.59 billion. Visa Inc (NYSE: V) is expected to post its Q2 earnings at $1.20 per share on revenue of $2....

MasTec (NYSE: MTZ) Reports EPS of $0.26 vs. $0.24 Estimate; Revenues $618.5M vs. $572M Estimate

KBR (NYSE: KBR) today announced the appointment of John Derbyshire as President of KBR's Technology business unit. Based in Houston, Texas, Derbyshire will be responsible for continuing the high growth of KBR's global technology licensing business which is active in refining, petrochemical,...

Wunderlich Securities reiterated its Buy rating and $26 price target on MasTec (NYSE: MTZ) in a research report published today. In the report, Wunderlich states, "The company has been on a roll recently with solid bolt-on acquisitions, two of which closed after the quarter ended. We believe the...

Citi reiterated its Hold rating and $39 price target on Foster Wheeler (NASDAQ: FWLT) in a research report published today. In the report, Citi states, "Our investment thesis remains unchanged given a lower than expected 1Q11 result combined with a lack of significant improvement in operational...

Foster Wheeler (NASDAQ: FWLT) reported 1Q2011 EPS of $0.19 vs. GS/Consensus estimates of $0.34/$0.38. The miss was driven primarily by weaker-than-expected margins in both segments, but the company reiterated FY EBITDA margin guidance of 13%-15% and 14%-16% for E&C and Power, respectively....

Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received an award from the U.S. General Services Administration to provide construction management services for the renovation of the historic Federal Building at 50 United Nations Plaza in San Francisco, Calif. This $122M...

Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract to provide architectural and engineering services for the Department of State (DOS), Office of Real Property Management and Special Projects Division. Officials estimate the total contract value at $50 million....

EMCOR Group, Inc. (NYSE: EME) energy infrastructure and facilities services for a diverse range of businesses, announced that, as previously reported during its April, First Quarter 2011 Earnings Call, its Fagan Company subsidiary has been awarded a contract for the installation of the mechanical...