Earnings of 3 heavy construction companies are coming up: Chicago Bridge & Iron (CBI), Granite Construction (GVA) and EMCOR (EME). Can they surprise estimates?
- Barrons.com•2 days ago
On Friday, shares of Chicago Bridge & Iron (CBI) got slammed on reports that the construction & engineering company had sued Westinghouse, which claims Chicago Bridge & Iron owes it $2 billion from the sale of its nuclear business. Today, Baird's Andrew Wittmann and team cut Chicago Bridge & Iron to Neutral. Merits of Westinghouse's claims appear to us as without merit but the nuclear overhang returns to investor psyche, derailing what was supposed to be a cleaner story.
Chicago Bridge & Iron Company N.V.NYSE
After hours: 35.540.00 (0.00%) as of 4:03 PM EDT
|Bid||35.44 x 800|
|Ask||35.46 x 1900|
|52wk Range||31.30 - 53.73|
|Day's Range||35.26 - 36.35|
|Avg Vol (3m)||1,389,857|
As of 4:00 PM EDT. Market closed.