KeyBanc raised the firm’s price target on KBR to $65 from $63 and keeps an Overweight rating on the shares. The firm notes KBR reported an in-line quarter, provided 2024 guidance that fell within the range of expectations and clarified the outlook for HomeSafe in 2024 and beyond. KeyBanc is also raising its estimates to reflect the midpoint of 2024 guidance.
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