KBR price target lowered to $65 from $72 at DA Davidson

DA Davidson lowered the firm’s price target on KBR (KBR) to $65 from $72 and keeps a Buy rating on the shares. The firm is adjusting its model to account for MTS – Mission Technology Solutions – segment variables, noting that award timing is lagging as turnover within government contract offices, geopolitical conflicts, protests of prior awards and other factors impact bids, the analyst tells investors in a research note.