Fluor price target lowered to $42 from $43 at Baird

Baird lowered the firm’s price target on Fluor to $42 from $43 and keeps an Outperform rating on the shares. The firm met with management who said the company’s “biggest challenge might be finding enough staff to do the work” while also noting that essentially all of its end markets are showing signs of uptrend. Baird said they like the recent outperformance but it somewhat moderates their conviction.