KBR downgraded to Neutral from Buy at Goldman Sachs

Goldman Sachs downgraded KBR (KBR) to Neutral from Buy with an unchanged price target of $55. The firm cites valuation for the downgrade with the stock trading at the price target Goldman also sees an uncertain growth backdrop in KBR’s Mission Technology Solutions unit. In Mission Technology Solutions, the analyst notes the initial NASA budget proposal is down year-over-year amid a backdrop of government spending reduction efforts.