Fluor price target raised to $44 from $41 at Citi

Citi raised the firm’s price target on Fluor to $44 from $41 and keeps a Neutral rating on the shares. The analyst says the company “took another step forward” as its Q3 adjusted earnings beat estimates. However, the firm wants to see “sustained good performance over a prolonged period” and is modestly concerned that a choppy macro environment could increase bookings volatility in 2024.