KeyBanc analyst Sangita Jain lowered the firm’s price target on Fluor (FLR) to $41 from $54 and keeps an Overweight rating on the shares after the company held a Strategy Day, where the incoming CEO and recently promoted CFO laid out new targets for EBITDA growth and capital allocation for 2025-2028. The firm views the new targets as a much-needed reset and offer new management a chance to put its stamp on the execution plan.
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