Wells Fargo initiated coverage of KBR (KBR) with an Equal Weight rating and $45 price target Due to slow growth backdrop, the firm also prefers the construction machinery stocks over engineering Services due to a favorable supply setup in machinery. Wells initiated 22 stocks in the machinery, industrials and environmental services group with Cummins (CMI), Herc Holdings (HRI) and WM (WM) top picks.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KBR:
- KBR price target lowered to $45 from $55 at BofA
- KBR’s Hold Rating: Navigating Challenges in Sustainable and Mission Technology Segments Amid Global Shifts
- KBR Faces Class Action Lawsuit Over HomeSafe Partnership Claims
- KBR to provide engineering design services for AGUP2 in Iraq
- KBR awarded contract for Bul Hanine oil and gas field in Qatar