Foster Wheeler Rating Lowered to Hold at BB&T Corp. (FWLT)
Foster Wheeler (NASDAQ:FWLT) was downgraded by analysts at BB&T Corp. from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. They currently have a $35.00 target price on the stock. BB&T Corp.’s price target suggests a potential upside of 10.03% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Johnson Rice downgraded shares of Foster Wheeler from an “overweight” rating to an “equal weight” rating in a research note on Thursday. Separately, analysts at UBS AG downgraded shares of Foster Wheeler from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. They now have a $31.00 price target on the stock, down previously from $33.00. Finally, analysts at DA Davidson downgraded shares of Foster Wheeler from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 15th. They now have a $32.00 price target on the stock, down previously from $36.00. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Foster Wheeler currently has an average rating of “Hold” and a consensus price target of $29.82.
Foster Wheeler AG (NASDAQ:FWLT) operate through two business groups: the Global Engineering & Construction Group (Global E&C Group), and its Global Power Group.
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