June 18, 2019 / 2:56 PM / 5 months ago

BUZZ-SNC-Lavalin shares rise on new appointment

** Shares of Canadian construction company up 4.2% at C$27

** Co appoints Nigel W.M. White as executive vice-president of project oversight effective Aug. 1

** The newly created project oversight is responsible for ensuring timely delivery and execution across all of co’s operations

** 7 of 12 brokerages rate the stock “buy” or higher, 5 “hold”; their median PT is C$42

** SNC shares have fallen ~42% this year (Reporting by Shradha Singh in Bengaluru)

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