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Stock Market & Financial Investment News

News Breaks
July 23, 2014
17:33 EDTFLRFluor awarded 3-year contract by DOE valued at about $420M
Fluor was chosen by the U.S. Department of Energy, or DOE, for the next phase of cleanup at the Paducah Gaseous Diffusion Plant, or GDP, in Paducah, Kentucky. Fluor is the prime contractor for the management, integration and execution of the deactivation and post-GDP shutdown remediation activities at the Paducah site. It is anticipated that the new contract will help reduce environmental risks and create local job opportunities. The estimated value of the contract, which Fluor booked in Q3, is approximately $420M over three years.
News For FLR From The Last 14 Days
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January 27, 2015
10:24 EDTFLRDeutsche Bank warns E&C companies could be hit hard by low oil
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10:00 EDTFLROn the Fly: Analyst Downgrade Summary
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06:48 EDTFLRFluor downgraded to Hold from Buy at Deutsche Bank
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January 22, 2015
10:03 EDTFLROn the Fly: Analyst Downgrade Summary
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07:48 EDTFLRFluor 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.
07:05 EDTFLRFluor downgraded to Underperform from Buy at BofA/Merrill

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