House Transportation & Infrastructure Committee to hold a hearing The Panel on Public Private Partnerships holds a hearing entitled, "Overview of Public-Private Partnerships for Highway and Transit Projects" to receive testimony on the role public-private partnerships play in the delivery of highway and transit projects. Participants include Senior Vice President of Fluor (FLR), Richard Fierce on March 5 at 10 am. Webcast Link
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.