DOW +7.33%: The global contractor Downer was higher today after announcing it would buy back up to 10% of its stock. The company is clearly excited about its prospects in the near term, and rightfully so with plenty of cash being thrown at infrastructure projects. They put out some forecasts in an investor presentation as well along with the buyback announcement – forecasts pointing to a spike in construction spend in 21/22 with a focus in transport spend. The news helped Lendlease (LLC) climb today as well.
MM is bullish DOW
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