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ubs maintains buy rating for fluor with price target of fifty seven dollars

UBS has reiterated its Buy rating for Fluor Corporation, maintaining a price target of $57, despite the stock currently trading at $34.83. The company’s recent life sciences expansion announcement and potential future catalysts, such as large project bookings and monetization of NuScale, are seen as positive developments. Fluor's revenues reached $16.3 billion, and it continues to play a significant role in global energy infrastructure, including US-backed nuclear projects in Romania.

insider trading activity and hedge fund investments in fluor corporation

CFO Joseph L. Brennan sold 4,012 shares of Fluor stock on October 4th for $200,640.12, reducing his ownership to 53,527 shares valued at approximately $2,676,885.27. Insiders have sold 44,261 shares worth $2,156,604 in the last 90 days, while hedge funds hold 88.07% of the stock. Fluor, which provides engineering and construction services, has a "Moderate Buy" rating, but top analysts recommend five other stocks over Fluor.
17:49 23.10.2024
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