Chicago Bridge PT lowered at UBS

|About: Chicago Bridge & Iron Company (CBI)|By:, SA News Editor

The firm lowered CB&I's (NYSE:CBI) price target to $21 from $32, while maintaining its Neutral rating on shares.

Reason? Uncertainty surrounds a host of issues, including the timing and outcome of its dispute with Westinghouse, which could result in a liability of up to $2B.

CBI -0.7% premarket

Source: TheFly

Subscribe for full text news in your inbox