BUZZ-Balfour Beatty: broker boost
** Balfour Beatty (Other OTC: BAFBF - news) , which is embarking on a turnaround after a string of profit warnings last yr, up 2.8 pct & poised for biggest one-day rise in a month as Jefferies upgrades to "buy" vs "underperform"
** Broker highlights positive outlook for co's key construction mkts in UK & US; sees Balfour as a 2-3 yr recovery story & looks to 2016 & 2017 profitability
** Goldman Sachs (NYSE: GS-PB - news) reinstates coverage on co as "neutral", awaits details on new business plan at FY14 results on March 25
** Six profit warnings in two years, alongside managerial changes have taken their toll on BB's shares, which have lost around a fifth of their value in the last 12 months
(RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)