Truist analyst Tobey Sommer raised the firm’s price target on KBR (KBR) to $62 from $60 and keeps a Buy rating on the shares. The firm sees catalysts throughout next year from the spin. The company guided down 2025 revenues driven by shutdown protest delays; slower Mission Technology Solutions work conversion due to the shutdown, and Sustainable Technology Solutions award sluggishness, but maintained profitability guidance, the analyst tells investors in a research note.
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