KBR price target raised to $75 from $70 at DA Davidson
The Fly

KBR price target raised to $75 from $70 at DA Davidson

DA Davidson raised the firm’s price target on KBR to $75 from $70 and keeps a Buy rating on the shares. The company’s underlying segment operating results were ahead of expectations, while contributions and bookings of its Sustainable Technology Solutions, or STS, segment continue to be strong, the analyst tells investors in a research note. The firm adds that it remains positive on KBR’s long duration contracts as well as its high margin/low risk energy transition-focused STS business.

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