DA Davidson analyst Brent Thielman lowered the firm’s price target on Fluor (FLR) to $55 from $65 but keeps a Buy rating on the shares after its Q4 earnings miss and a below-consensus guide. A broader recovery in key Fluor markets and financial performance have seen ‘”bumps”, lending volatility along the road to a recovery in the shares, even though the company has still seen considerable improvement in cash flow in 2024, inroads on legacy projects, and expansion in Urban bookings, the analyst tells investors in a research note.
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