Fluor likely to obtain more infrastructure deals, says Sterne Agee After a consortium that includes Fluor won a deal to replace New York's Tappan Zee Bridge, Sterne Agee expects the company to continue to add higher margin infrastructure backlog during 2013. The firm recommends buying the stock.
Fluor comments positive, says Sterne Agee Sterne Agee believes that Fluor provided upbeat and confident commentary around multiple end- market opportunities. The firm thinks the company's backlog and margins can expand. It keeps a $105 price target and Buy rating on the shares.