Fluor shares should be bought, says Sterne Agee Sterne Agee believes that Fluor continues to generate strong operating performance and cash flow, while the stock does not adequately reflect the company's outlook. The firm keeps a $105 price target and Buy rating on the shares.
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.