Fluor's stock surged 5.02% during Thursday's intraday trading session, marking a significant upward movement for the engineering and construction company.
The sharp rise follows bullish analyst actions, including Truist raising its price target on Fluor to $59 from $56 while maintaining a Buy rating, and UBS increasing its target to $57 from $52 with a continued Buy recommendation. Multiple analysts have expressed optimism about Fluor's prospects, particularly noting its potential for backlog improvement in the second half.
These positive analyst assessments, coming after the company's Q4 earnings, have generated renewed investor confidence in Fluor's growth trajectory and future performance.
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