FLR · Fluor Corp
AI read · Bad for FLR
The AI's read
That could leave Fluor with less work ahead because a client is changing a project's scope. Fluor is still studying the effect, so the roughly $2 billion backlog decline is possible, not final. The company also raised its cash-flow forecast and kept its 2026 adjusted profit-per-share and adjusted EBITDA forecasts unchanged. Those points help, but they do not erase both estimate misses or the chance of losing work. Baird cut its target from $64 to $56, and Truist cut its target from $71 to $62. Their ratings remained split between Neutral and Buy.