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Opening Glance: Construction, engineering climbs



By AP
21 May 2008 @ 10:26 am EST

NEW YORK - Shares of construction and engineering companies were mostly higher on Wednesday as the broader markets wavered following oil's jump past $130 a barrel.

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Quotes
FLR 31.9 2.34
FWLT 16.24 2.21
CBI 5.72 0.21
SGR 13.88 1.82
EME 12.4 1.12

SYMBOL LOOKUP

Meanwhile, Lehman Brothers analyst Andy Kaplowitz said in a client note he expects Fluor Corp. to continue its positive momentum in 2008, saying it is poised to secure several multibillion-dollar projects in the next few quarters. Flour shares added 40 cents, to $1.91.75.

Here's how some shares of some other construction and engineering companies were faring:

Emcor Group Inc., up 48 cents to $28.19.

Foster Wheeler Ltd., up 36 cents to $77.72.

Chicago Bridge & Iron Co., up 80 cents to $44.68.

Shaw Group Inc., up 15 cents to $58.85.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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