DA Davidson raised the firm’s price target on Fluor (FLR) to $65 from $58 and keeps a Buy rating on the shares after its Q3 results. The company is making strides toward improving financial performance even though its progress isn’t linear, and its cash flow remains positive while its capital return levers look attractive, the analyst tells investors in a research note. The firm adds that it remains positive on Fluor’s medium-term / long-term earnings potential.
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