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Foster Wheeler Upgraded - Analyst Blog
Wednesday, August 18, 2010 - 5:07pm | 600International credit rating agency Standard & Poor's upgraded the rating on Foster Wheeler AG’s (FWLT) corporate debt to investment grade. The current “BBB-“ rating is a notch higher than the previous “BB+” non-investment grade rating awarded by the same agency. Foster Wheeler has improved...
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Deutsche Bank: Accumulate Shares of Quanta (PWR)
Wednesday, August 18, 2010 - 1:50pm | 132Noting that the company has an "attractive valuation," Deutsche Bank reiterated its Buy rating on Quanta Services (NYSE: PWR) today. Deutsche Bank maintains a $24 price target on the stock. The Deutsche Bank client letter said that analysts "believe push-outs are going to slow (improved electricity...
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Deutsche Bank: Accumulate Shares of Quanta (PWR)
Wednesday, August 18, 2010 - 1:48pm | 123Noting that the company has an "attractive valuation," Deutsche Bank reiterated its Buy rating on Quanta Services (NYSE: PWR) today. Deutsche Bank maintains a $24 price target on the stock. The Deutsche Bank client letter said that analysts "believe push-outs are going to slow (improved electricity...
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Eight New Contracts for Jacobs - Analyst Blog
Wednesday, August 18, 2010 - 10:22am | 467Jacobs Engineering Group Inc. (JEC) won contracts from North East of Scotland Transport Partnership (Nestrans), Aberdeen City Council and Aberdeenshire Council, and from Los Angeles World Airports (LAWA). The former is a three-year contract for transportation services and the latter is a $25...
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Fluor Wins Contract - Analyst Blog
Tuesday, August 17, 2010 - 11:20am | 588Fluor Corporation (FLR) announced that Fluor-B&W Portsmouth LLC, its joint venture with Babcock and Wilcox, has been awarded a contract for cleaning up and de-installation of the Portsmouth Gaseous Diffusion Plant (GDP). The tenure of the contract is 10 years with a value of $2.1 billion. The...
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Fluor to Form North American Industrial Joint Venture with United Rentals (FLR, URI)
Monday, August 16, 2010 - 4:22pm | 69Fluor Corporation (NYSE: FLR) announced today that its AMECO unit has agreed to form a joint venture with United Rentals, Inc. (NYSE: URI) to offer comprehensive equipment and tool solutions for ongoing plant maintenance and turnaround activities initially supporting the oil and gas industry in the...
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Fluor Begins Work on Rail Project - Analyst Blog
Friday, August 13, 2010 - 9:40am | 577Fluor Corporation (FLR) announced the financial closure of the Eagle P3 commuter rail project (Eagle Project) in the Denver metropolitan area in Colorado. Denver Transit Partners (DTP), a Fluor-managed team, arranged for $452 million private funds, including $397.8 million in bonds for the six-year...
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Pritchard Capital Reiterates Buy On Fluor (FLR)
Friday, August 13, 2010 - 8:42am | 78Pritchard Capital is reiterating its Buy rating and $66 price target on Fluor Corporation Common Stock (NYSE: FLR) after the company received financing to work on a Denver rail project. In a note to clients Pritchard Capital writes, "FLR’s stake in the project unchanged, undisclosed amount will be...
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J.P. Morgan Cuts URS Co. Price Target, Maintains Overweight Rating (URS)
Thursday, August 12, 2010 - 3:46pm | 135J.P. Morgan cut its price target to on shares of URS Corporation (NYSE: URS) to $51.50 from $57.50 today, in light of a "challenging economic environment." J.P. Morgan maintains an Overweight rating on the stock. J.P. Morgan notes that it lowered its "2011E EPS to temper our revenue growth outlook...
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Foster Wheeler Gets Contract - Analyst Blog
Thursday, August 12, 2010 - 1:07pm | 497Foster Wheeler AG (FWLT) has been awarded a contract by Daewoo Engineering Company for engineering, procurement, construction and commissioning of two circulating fluidized-bed (CFB) steam generators for PT Merak Energi in Indonesia. The terms of the agreement are not known. The business will be...
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Mad Money Lightning Round: Jim Cramer Expect PG To Rise
Thursday, August 12, 2010 - 10:22am | 260In his Wednesday’s "Mad Money Lightning Round," Jim Cramer said that Procter & Gamble (NYSE: PG) is the type of stock that will rise tomorrow. On Priceline.com (NASDAQ: PCLN), Jim said, "This was a gigantic short squeeze and I want to start picking at it tomorrow. They've got a great business...
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Mad Money Lightning Round: Cramer Thinks That MHS Is A Buy (PG, PCLN, F, WG, FLR, EXPD, AAWW, MHS)
Wednesday, August 11, 2010 - 8:24pm | 293On CNBC's Mad Money Lightning Round, Jim Cramer said that people will come tomorrow between 12:30 and 2 o'clock, and buy The Procter & Gamble Company (NYSE: PG). The Procter & Gamble Company (PG) fell 0.84% today. Cramer wants to buy priceline.com Incorporated (NASDAQ: PCLN) tomorrow on the...
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URS Corp. Beats by a Cent - Analyst Blog
Wednesday, August 11, 2010 - 3:37pm | 597URS Corp. (URS) reported second quarter 2010 earnings per share from continuing operations of 80 cents, which was ahead of the Zacks Consensus Estimate by 1 cent. The company reported revenues of $2.25 billion, compared with the revenues of $2.30 billion in the year-ago quarter. The Zacks Consensus...
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3 Contracts in 1 Day for Jacobs - Analyst Blog
Wednesday, August 11, 2010 - 12:27pm | 432Jacobs Engineering Group Inc. (JEC) won three new contracts on August 10. The first one was from France based Heurtey Petrochem SA. Although the contract value was not disclosed, the total cost for the installation of project was projected at $100 million. As per the agreement, Jacobs will...
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Tetra Tech Gets Contract - Analyst Blog
Tuesday, August 10, 2010 - 12:32pm | 578Tetra Tech Inc. (TTEK), a global provider of engineering and consultancy services, has received a $50 million architecture/engineering (A/E) services contract from the Millennium Challenge Corporation ("MCC"). MCC is an independent U.S. foreign aid agency engaged in a worldwide drive to remove...