KBR price target raised to $75 from $70 at BofA

BofA analyst Mariana Perez Mora raised the firm’s price target on KBR to $75 from $70 and keeps a Buy rating on the shares. Given the business’ exposure to Defense and Intelligence work, the firm sees a strong global backdrop for KBR’s Government Solutions, or GS, unit and opportunities on both sides of the business, the analyst tells investors. The firm raised its estimates on continued strength in both GS and Sustainable Technology Solutions, or STS.