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Stock Market & Financial Investment News

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June 18, 2014
08:43 EDTCBIChicago Bridge & Iron attractively valued after sell-off, says William Blair
William Blair believes shares of Chicago Bridge & Iron are attractively valued following the 18% pullback over the past week. The firm views the allegation of overstating earnings, as highlighted yesterday by Prescience Point, as overblown and based on aggressive assumptions. William Blair believes Chicago Bridge's purchase price allocation adjustments were in line with GAAP accounting standards and it keeps an Outperform rating on the stock. Shares of Chicago Bridge were upgraded this morning at DA Davidson.
News For CBI From The Last 14 Days
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September 1, 2015
08:02 EDTCBICB&I awarded storage sphere contracts in excess of $70M
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August 31, 2015
08:03 EDTCBICB&I announces expansion award for Sunoco's Mariner East 2 project
CB&I announced it has been awarded a contract valued at approximately $300M by Sunoco Partners Marketing & Terminals, LP for the expansion of the Marcus Hook Industrial Complex in Marcus Hook, Pennsylvania. The award is part of Sunoco's Mariner East 2 project. The scope of work includes the engineering, procurement, fabrication and construction of four large low-temperature tanks that will be used for the storage of refrigerated ethane, butane and propane. CB&I previously announced it is providing an ethane and propane tank for the complex as part of the Mariner East 1 project.
August 19, 2015
08:02 EDTCBIChicago Bridge & Iron awarded $60M contract with U.S. Army Corps of Engineers
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