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Foster Wheeler Ltd. (FWLT) [hlAlert]

Neutral FWLT

Foster Wheeler Ltd. (FWLT) downgraded to Neutral with price target $25 by AmTech Research

Posted on: Tuesday,  Dec 23, 2008  9:25 AM ET by AmTech Research

AmTech Research rated Neutral Foster Wheeler Ltd. (NASDAQ: FWLT) on 12/23/2008. Previously AmTech Research rated Buy Foster
Wheeler Ltd. (NASDAQ: FWLT) on 10/07/2008., when the stock price was $30.16. Since then, Foster Wheeler Ltd. has lost 24.50% of its value until AmTech Research rated FWLT Buy on 12/23/2008, when the price was $22.77. .

Foster Wheeler AG, formerly Foster Wheeler Limited, operates through two business groups: Global Engineering and Construction Group (Global E&C Group) and Global Power Group. The Global E&C Group, which operates worldwide, designs, engineers and constructs onshore and offshore upstream oil and gas processing facilities, natural gas liquefaction facilities and receiving terminals, gas-to-liquids facilities, oil refining, chemical and petrochemical, pharmaceutical and biotechnology facilities and related infrastructure, including power generation and distribution facilities, and gasification facilities. The Global Power Group designs, manufactures and erects steam generating and auxiliary equipment for electric power generating stations and industrial facilities worldwide.

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Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/4/2009 9:25 AM Buy
as of 12/24/2008
1 Week up  23.84 %
1 Month up  42.24 %
3 Months down  -5.20 %
1 YTD up  19.30 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/23/2008 9:25 AM Hold
22.77 25.00
10/7/2008 9:25 AM Buy
30.16 42.00

(*) Stock Price at the time of the recommendation.
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