Fluor price target lowered to $46 from $47 at UBS

UBS lowered the firm’s price target on Fluor to $46 from $47 and keeps a Buy rating on the shares. The firm has increased conviction in Fluor’s growth potential following the strong Q3 earnings report. The quarter highlighted advances Fluor is making on its turnaround, and UBS sees further progress in 2024, the analyst tells investors in a research note.