Fluor's Financial Turnaround: Analyst Anticipates Cash Boosts And Revenue CAGR Of 9% Through 2025
Portfolio Pulse from Nabaparna Bhattacharya
UBS analyst Steven Fisher upgraded Fluor Corporation (NYSE:FLR) to Buy from Neutral, raising the price target to $47 from $35. Fisher expects a 41% growth in adjusted EBITDA from 2023 to 2025, driven by a 160 bps expansion in segment margin. The analyst anticipates revenues to grow at a 9% CAGR for 2022-25 and segment margins to expand by 160bps. Fluor's adjusted EBITDA is forecasted to grow from $565 million in 2023 to $795 million in 2025.
October 04, 2023 | 8:23 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Fluor Corporation's stock has been upgraded to Buy from Neutral by UBS analyst Steven Fisher, who also raised the price target to $47 from $35. The analyst expects a 41% growth in adjusted EBITDA from 2023 to 2025, and a 9% CAGR in revenues for 2022-25.
The upgrade of Fluor Corporation's stock by UBS analyst Steven Fisher, along with a raised price target, indicates a positive outlook for the company. The expected growth in adjusted EBITDA and revenues also suggests potential upside for the stock in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100