Fluor inches up; Truist lifts PT, says firm likely to benefit from Republican tax bill

Truist Financial

03/07/2025 13:12

** Shares of construction firm Fluor FLR.N up nearly 1% at $52 in premarket trading

** Trusit Securities raises PT to $59 from $47, a premium of 14.6% to the stock's last close

** Rating unchanged at 'buy'

** Says co likely to benefit from the Republican tax bill through lower taxes and improving cash flow; bill may also boost demand in nuclear and infrastructure projects

     ** Adds, FLR is working with tech firms to streamline multi-project data center deals, expecting a ramp-up in 2027-2028

** Further says, co is expanding nuclear and thermal solutions such as small modular reactors and gas conversions to meet fast-growing energy needs, especially with AI and data centers pushing demand

** Average rating of 9 brokerages equivalent to 'buy'; their median PT is $47 - data compiled by LSEG

** As of last close, stock had risen 4.4% YTD

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))