Construction stocks not secure, analyst says

December 08, 2009 02:03PM

Even though federal stimulus funds haven’t led to a major boom in infrastructure projects, construction stocks have seen a recent rally, the Street reported. But that uptick won’t lead to a long-term sustainable rebound, according to Avram Fisher, a research associate with BMO Capital Markets. He told the Street that he sees mostly non-U.S. construction companies faring well in the near future. “Fixed price, low-cost construction — not a great place for investors to be right now,” Fisher said.

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