Sunday, June 17, 2007

Energy, utilities power Foster Wheeler: Barron's

(Reuters) - Foster Wheeler's stock has soared almost 700 percent to a recent $107 from early 2005, Barron's said. The shares are trading at 18 times next year's estimates, about even with the broad market's price-earnings multiple and below the 22 times earnings of peers such as Fluor and Jacobs Engineering Group , Barron's said.




Read more at Reuters.com Business News

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