KeyBanc lowered the firm’s price target on KBR (KBR) to $59 from $67 and keeps an Overweight rating on the shares. All E&C names under coverage underperformed in Q1 2025 following a strong 2024. The quarter was significantly impacted by macroeconomic and policy uncertainty stemming from the Trump administration’s actions, including concerns over DOGE, uncertainty around USAID contracts and tariffs, the firm notes. With that said, investors are unlikely to dwell on Q1 beats or misses. The focus will almost entirely be on business sentiment going forward, argues KeyBanc.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KBR:
- KBR awarded ammonia cracking technology contract from Hanwha Impact
- KBR price target lowered to $60 from $70 at Truist
- KBR awarded $229M contract for U.S. Army Cargo Helicopter Systems
- KBR awarded $176M IDIQ contract from Air Force Research Laboratory
- KBR awarded $85M service contract from U.S. Air Force