Fluor Corp. Stock Closes at 52-Week High
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Fluor Corp.’s stock closed in on its 52-week high Wednesday after an analyst upgraded her rating on the Aliso Viejo-based engineering and construction company.
The stock rose $1.81 a share to $43.88 on the New York Stock Exchange as 585,000 shares changed hands, more than double the average daily volume over the last three months. The shares were trading at $44.69 a year ago, sinking as low as $26.19 in March.
The company’s rating was raised to long-term “buy” from long-term “accumulate” by analyst Jeanne Terrile at Merrill Lynch & Co.
Last week, the company posted fiscal fourth quarter profits that exceeded analysts’ expectations.
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