Cracking The Code: Understanding Analyst Reviews For Fluor
Portfolio Pulse from Benzinga Insights
Analysts have mixed views on Fluor (NYSE:FLR), with recent ratings showing a balance between bullish and bearish perspectives. The average 12-month price target for FLR has been raised to $46.00, indicating a 3.37% increase from the previous target. Citigroup and Truist Securities are among the firms adjusting their outlooks, with Citigroup raising its price target to $47.00 from $45.00. Fluor, a major global provider in engineering and construction services, reported a revenue growth of 2.96% for 2023, despite lagging in net margin and ROE compared to industry averages.
April 22, 2024 | 8:01 pm
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Analyst ratings for Fluor show a mix of bullish and bearish views, with an updated average 12-month price target of $46.00. The company's revenue growth and adjustments in price targets by Citigroup and Truist Securities highlight its market position and potential challenges in profitability and asset utilization.
The updated analyst ratings and increased price targets suggest a positive outlook for Fluor's stock in the short term. Despite challenges in profitability and asset utilization, the company's revenue growth and the adjustments by notable financial firms like Citigroup and Truist Securities could positively influence investor sentiment and stock performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100