Westinghouse

Chicago Bridge & Iron Company N.V. (NYSE: CBI) shares have soared since Tuesday following a favorable Westinghouse decision. The ruling, issued Tuesday, reversed a lower court’s decision “which held that the accounting dispute under the agreed upon nuclear purchase price working...

A Delaware Supreme Court ruling in favor of Chicago Bridge & Iron Company N.V. (NYSE: CBI) in the company’s multibillion-dollar dispute with Westinghouse “is a significant stabilizing event for CB&I shares,” according to Citi. Westinghouse bought CB&I’s nuclear...

Chicago Bridge & Iron Company N.V. (NYSE: CBI) received a nice gift on Tuesday after the Delaware Court ruled in its favor in a dispute with Westinghouse, sending the stock soaring 45 percent in the interim. ”CBI had appealed a lower court's decision, which was to send the case to...

Shares of Chicago Bridge & Iron Company N.V. (NYSE: CBI) fell more than 6 percent on Wednesday while shares of Japan-based TOSHIBA CORP NPV (OTC: TOSBF) plummeted more than 20 percent. Chicago Bridge & Iron is a provider of services to the energy infrastructure market across the world. The...

Citi’s Andrew Kaplowitz expressed disappointment regarding the contract signed between Chicago Bridge & Iron Company N.V. (NYSE: CBI) and Westinghouse. Kaplowitz downgraded the rating on Chicago Bridge & Iron from Buy to Neutral, while lowering the price target from $48 to $38. A...

Baird downgraded Chicago Bridge & Iron Company N.V. (NYSE: CBI) to Neutral, citing overhangs related to a lawsuit filed by Westinghouse, its former EPC consortium partner for the U.S. nuclear projects, and fewer fundamental catalysts for the company. Andrew Wittmann, analyst at the firm, noted...

Morgan Stanley downgraded shares of SCANA Corporation (NYSE: SCG) to an Underweight rating citing Toshiba Corp (USA) (OTC: TOSYY) and weakness in construction. The brokerage also kept a price target of $67.00 on the shares of the company. Analysts led by Stephen Byrd cited the risk of future/...