Fluor price target raised to $41 from $40 at Citi

Citi raised the firm’s price target on Fluor to $41 from $40 and keeps a Neutral rating on the shares. The analyst thinks most engineering and construction companies are well positioned to deliver “solid” Q3 results and good earnings growth in 2024 given a mix of elevated backlog and self-help optionality. When coupled with a recent pullback in the shares, the group offers “a good buying opportunity,” the analyst tells investors in a research note.