Fluor price target raised to $45 from $39 at Barclays

Barclays raised the firm’s price target on Fluor to $45 from $39 and keeps an Equal Weight rating on the shares as part of a Q2 earnings preview for the machinery and construction sector. Earnings momentum likely remained “muted (at best)” in Q2 and 2025 earnings risk is high, the analyst tells investors in a research note. The firm says several sectors need re-balancing including agriculture and some areas of construction.