Truist lowered the firm’s price target on KBR (KBR) to $50 from $62 and keeps a Buy rating on the shares. The firm is adjusting its model after the suspension of Lake Charles LNG project and ramp down of Plaquemines, though it remains at Buy on optionality created be the upcoming spin, the analyst tells investors in a research note.
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 awarded seat on $10B IDIQ contract from Naval Supply Systems Command
- KBR awarded contract for PureM green methanol technology
- KBR awarded green ammonia project by IGNIS in Spain
- KBR awarded $117M Foreign Military Sales contract for F/A-18 jet maintenance
- Teradyne upgraded, Circle Internet initiated: Wall Street’s top analyst calls