KBR price target raised to $78 from $71 at Stifel

Stifel raised the firm’s price target on KBR to $78 from $71 and keeps a Buy rating on the shares after the company reported Q4 adjusted EPS inline with the firm’s estimate and management initiated 2024 guidance that the firm thought was “broadly positive.” The combination of improved HomeSafe visibility, “a still very favorable STS outlook and a slightly better core GS outlook” lead the firm to see the EBITDA growth inflection as “on its way to materializing,” the analyst tells investors in a post-earnings note.