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

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