Oppenheimer analyst Ian Zaffino initiated coverage of KBR (KBR) with an Outperform rating and $60 price target KBR offers an “interesting, value-based investment opportunity” with the stock down 30% year-to-date ahead of the government services business spinout in mid-to-late-2026, the analyst tells investors in a research note. The firm finds the stock’s setup attractive into 2026. KBR is lapping several headwinds, particularly in its Mission Technology Solutions unit and is returning capital to shareholders, contends Oppenheimer.
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