DA Davidson raised the firm’s price target on Fluor (FLR) to $65 from $58 and keeps a Buy rating on the shares after its Q3 results. The company is making strides toward improving financial performance even though its progress isn’t linear, and its cash flow remains positive while its capital return levers look attractive, the analyst tells investors in a research note. The firm adds that it remains positive on Fluor’s medium-term / long-term earnings potential.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLR:
- Fluor Corporation Reports Q3 2024 Earnings
- Fluor says company ‘four quarters behind’ its prior 2026 EBITDA target
- Morning Movers: Expedia, Airbnb moving in opposite directions after results
- Fluor tightens FY24 adjusted EPS view to $2.55-$2.75 from $2.50-$3.00
- Fluor increases share repurchase program to 30.5M shares