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Cramer Believes Fluor (FLR) Is A Buy
Wednesday, November 25, 2009 - 3:37am | 187CNBC's Mad Money Jim Cramer looked at infrastructure firms as administration's stimulus starts to kick in. He compared Fluor (NYSE: FLR) and Jacobs Engineering (NYSE: JEC). Cramer thinks that both companies are good, but investors should not own both of them because he thinks it is important to...
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Competitive Environment May Pressurize JEC’s Operating Margins in 2010
Wednesday, November 18, 2009 - 11:26am | 129Credit Suisse maintains its “outperform” rating on Jacobs Engineering (NYSE: JEC), while reducing its estimates for the company. The target price for JEC has been reduced from $48 to $45. JEC posted its FQ4 EPS short of the consensus expectations. With revenues falling by 20%, JEC posted the...
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JEC Issues Disappointing Guidance for 2010 on the Back of Weak Capital Spending Outlook
Wednesday, November 18, 2009 - 8:44am | 134Wunderlich Securities downgraded Jacobs Engineering Group Inc (NYSE: JEC) from “buy” to “hold.” The target price for JEC has been reduced from $52 to $38. JEC posted its FQ4 EPS at $0.63, missing both the estimates and the consensus. JEC’s revenues and operating margins also fell short of...
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Benzinga’s Top Upgrades (CRM, URS, CECO, MSCC, CYBI, ROSE, QCOM, AMD, EPM, JNPR)
Friday, November 13, 2009 - 11:10am | 350salesforce.com, inc. (NYSE: CRM) was today upgraded by Caris & Company from Average to Above Average at a price target of $68 from $47. Today, UBS also gave CRM a Neutral at a price target of $66. salesforce.com, inc. is now trading at $64.08, 1.88% up in the morning trading hours. URS...
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Benzinga’s Top Upgrades (PALM, TRST, MYGN, COLM, SFD, FLR)
Wednesday, November 11, 2009 - 12:16pm | 184Palm, Inc. (NASDAQ: PALM) was reiterated to buy by Merrill Lynch/BAM at a price target of $20. PALM Inc. is now trading at $11.52, up 4.82% on 194K shares. The stock has recovered over 270% so far this year. TrustCo Bank Corp NY (NASDAQ: TRST) got upgraded from Sell to Neutral. Now TRST is up 5.51...
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Fluor (FLR) Guides Down for the Year, Investors Disappointed
Tuesday, November 10, 2009 - 3:55pm | 1428Engineering / infrastructure firm Fluor (FLR) is one of those few stocks that one could purchase before heading to a remote island for a decade, arrive back in 2019.... and the company would be executing and thriving. However, it's business - dependent on large projects - is quite lumpy from...
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Today’s Earnings Preview (FLR, MDR, MBI, SRE, TSO, DISH)
Monday, November 9, 2009 - 7:39am | 121Fluor Corporation (NEW) (NYSE: FLR) is projected to report third-quarter earnings of 90 cents a share. McDermott International (NYSE: MDR) is expected to report earnings of 40 cents a share in the third quarter. MBIA Inc. (NYSE: MBI) is forecast to report a third-quarter loss of 70 cents a share...
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United States Claims No.1 Spot For First Time as World's Top Country Brand
Friday, November 6, 2009 - 7:21am | 127The United States earned the coveted spot as the world's top country brand for the first time in the fifth annual Country Brand Index (CBI), rising from the third spot in 2008. Canada, host to the 2010 Winter Olympics, held on to the second ranking as Australia, always a perennial favorite, slipped...
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Fluor (FLR) Awarded Gas Storage Contract in The Netherlands
Tuesday, November 3, 2009 - 7:05am | 113Fluor Corporation (NYSE: FLR) announced that it was awarded a contract by TAQA Energy B.V., a subsidiary of the Abu Dhabi National Energy Company PJSC, for engineering, procurement and construction management services (EPCM) for its Bergermeer Gas Storage project in the North Holland province of...
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Benzinga’s Top Upgrades (AET, HGSI, KBR, TOL, WYN)
Friday, October 30, 2009 - 12:13pm | 149Aetna Inc. (Public, NYSE: AET) JP Morgan upgrades AET from Neutral to Overweight. AET is now trading at $26.62, 0.02% down. The stock has recovered over 80% from its 52-week low of %14.21. Human Genome Sciences (Public, NASDAQ: HGSI) JP Morgan also upgraded HGSI to Overweight from Neutral, and...
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5 Stocks with a Change in Guidance (BMRN, HTZ, LTD)
Thursday, October 29, 2009 - 6:51am | 197Below are interesting stocks on the NYSE and NASDAQ that have raised their guidance for FY09. BioMarin Pharma (NASDAQ: BMRN) raised its revenue guidance from $311-$336 million to $313-$327 million and earnings projections for non-GAAP earnings from $35.4-$41.4 million to $39.8-$43.8 million....
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KBR Inc Beats By $0.04, Misses Revenue View
Thursday, October 29, 2009 - 6:26am | 24KBR Inc. (NYSE: KBR) reports Q3 earnings of $0.45 vs $0.41 Street view. KBR reports Q3 revenue of $2.85 billion vs $2.92 billion.
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Colin Elliott has been Appointed President of KBR’s (KBR) Infrastructure and Minerals Business Unit
Monday, October 26, 2009 - 7:15am | 99KBR (NYSE: KBR) announced that Colin Elliott has been appointed President of KBR’s Infrastructure and Minerals (I&M) business unit, effective immediately. KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil...
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Fluor Corporation (FLR) Wins Project Management Institute’s 2009 Project of the Year Award
Monday, October 12, 2009 - 8:45am | 118Fluor Corporation (NYSE: FLR) has been honored by Project Management Institute (PMI) as the winner of the Project of the Year Award for their engineering, procurement, construction and commissioning of Newmont Mining Corporation’s (NYSE: NEM) TS Power Plant (TSPP). Fluor Corporation (FLR) is a...
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KBR (KBR) Awarded Turnaround Contract by Suncor Energy (SU)
Thursday, October 8, 2009 - 4:13pm | 47KBR (NYSE: KBR) announced today that it has been awarded a contract by Suncor Energy, Inc. (NYSE: SU) to provide turnaround services for Suncor’s 2010 Turnaround project at its oil sands plant in Fort McMurray, Alberta, Canada.