Fluor's Q2 Outlook and Earnings Expectations: Analyst Raises Price Target to $59 from $47

Truist analyst Jamie Cook raised Fluor's price target to $59 from $47 and maintained a Buy rating. The industrial economy remains choppy, but incremental costs from tariffs are in line with guidance, demand may not have deteriorated further, and market optimism has increased due to the Republican tax bill, potential interest rate cuts, and easing trade tensions.