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Jacobs' Dual Contract - Analyst Blog
Wednesday, January 5, 2011 - 4:33pm | 465Jacobs Engineering Group Inc. (JEC) has won two contracts: one from Bechtel Marine Propulsion Corporation and the other from North Atlantic Refining Limited. The former will provide engineering, procurement and construction services for its Expended Core Facility Recapitalization Project. The...
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Jacobs' Dual Contract - Analyst Blog
Wednesday, January 5, 2011 - 4:20pm | 465Jacobs Engineering Group Inc. (JEC) has won two contracts: one from Bechtel Marine Propulsion Corporation and the other from North Atlantic Refining Limited. The former will provide engineering, procurement and construction services for its Expended Core Facility Recapitalization Project. The...
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Quanta Services Wins Contract - Analyst Blog
Wednesday, January 5, 2011 - 4:00pm | 590Quanta Services Inc. (PWR) through its subsidiaries, Sunesys, LLC and Blair Park Services LLC, won an approximately $118.5 million designing and installation contract for fiber optic network in Pennsylvania. The project is being coordinated by a non-profit corporation called the Keystone...
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Oppenheimer Initiates Coverage on Masco, URS, Fluor, Danaher
Wednesday, January 5, 2011 - 10:52am | 71Oppenheimer initiates coverage on the following companies: Masco (NYSE: MAS) at Perform. URS (NYSE: URS) at Perform with a $48 price target. Fluor (NYSE: FLR) at Outperform with a $84 price target. Danaher (NYSE: DHR) at Outperform with a $56 price target.
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Stock Market News for Jan 5, 2011 - Market News
Wednesday, January 5, 2011 - 10:33am | 1148Markets bid adieu to the surge on the first trading day of the year, as they ended mixed yesterday. Investors took a breather and shrugged off positive economy data on factory orders and better auto sales. Minutes from the Federal Reserve declared continuing support to stimulus measures. Taking...
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Stock Market News for Jan 5, 2011 - Market News
Wednesday, January 5, 2011 - 10:08am | 1148Markets bid adieu to the surge on the first trading day of the year, as they ended mixed yesterday. Investors took a breather and shrugged off positive economy data on factory orders and better auto sales. Minutes from the Federal Reserve declared continuing support to stimulus measures. Taking...
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Foster Wheeler Awarded Contract in Vietnam
Wednesday, January 5, 2011 - 9:15am | 86Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Power Group signed a contract with Shanghai Boiler Works, Ltd. for cooperation in the design of two pulverized coal steam generators for the Vinh Tan II Project for Vietnam Electricity. Shanghai Electric Group...
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AECOM Awarded US$150M Consultancy Contract
Wednesday, January 5, 2011 - 8:22am | 59AECOM Technology Corporation (NYSE: ACM) announced that its wholly owned subsidiary, AECOM Asia Company Limited, has been awarded a US$150-million consultancy contract – which includes detailed design and provision of supervision-in-charge and resident site staff costs – for the superstructures and...
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Mad Money Lightning Round: Cramer Likes NovaGold Resources (RLI, PRU, DSX, DNDN, MOTR, MCP, NG, KBR, FLR)
Wednesday, January 5, 2011 - 5:38am | 299On CNBC's Mad Money, Jim Cramer said during the Lightning Round that RLI Corp (NYSE: RLI) is “not a bad insurance company, but I still like Prudential (NYSE: PRU), even after its run-up." For Diana Shipping (NYSE: DSX), he said, "I still don't want to own companies levered to day rates on ships....
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KBR Joins South Morang Rail Extension Alliance
Tuesday, January 4, 2011 - 5:06pm | 62KBR (NYSE: KBR) today announced that its Australian-based Infrastructure and Minerals business unit has joined the South Morang Rail Extension Project Alliance as a sub-Alliance partner for the South Morang Rail Extension Project. KBR will provide design, environmental management, and risk...
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Jacobs Receives Contract from North Atlantic Refining Limited
Tuesday, January 4, 2011 - 8:47am | 45Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a three year contract from North Atlantic Refining Limited for the provision of Turnaround and Small Capital Work services at the company's Refinery in Newfoundland, Canada.
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BB&T Ups GLDD To Buy
Tuesday, January 4, 2011 - 8:41am | 51Analysts at BB&T upgrade Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) from “hold” to “buy.” The target price for GLDD is set to $10. GLDD shares gained 1.49% to close at $7.48 yesterday. More Analyst Ratings here
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KeyBanc Downs MYRG To Hold
Tuesday, January 4, 2011 - 7:38am | 40Analysts at KeyBanc downgrade MYR Group Inc (NASDAQ: MYRG) from “buy” to “hold.” MYRG shares gained 0.95% to close at $21.20 yesterday. More Analyst Ratings here
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Quanta Services (PWR) - Bear of the Day
Tuesday, January 4, 2011 - 3:03am | 163We are downgrading our Neutral recommendation on Quanta Services (PWR) to Underperform with a $18 target price. The company's customers and demand for its services continue to be negatively impacted by the generally slow economy. The company has pursued its strategy of avoiding low-margin work....
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Great Lakes Dredge & Dock Corporation - Growth & Income
Tuesday, January 4, 2011 - 3:03am | 430Great Lakes Dredge & Dock Corp (GLDD) recently reported its third consecutive earnings surprise driven by strong sales growth and an expanding gross margin. The stock has been soaring over the last few months, but because earnings estimates have been rising too, valuation still looks...