Fluor shares should be bought at current levels, says Sterne Agee Sterne Agee believes that Fluor reported strong Q4 results and the firm thinks the company can perform well going forward. It maintains a Buy rating.
Fluor downgraded to Underperform from Buy at BofA/Merrill As previously reported, BofA/Merrill assumed coverage on Fluor with an Underperform rating from a Buy rating. The firm sees better value elsewhere in the sector and expects double-digit backlog decline and peak earnings in 2015. Price target is $51.