KBR price target raised to $80 from $75 at BofA

BofA raised the firm’s price target on KBR to $80 from $75 and keeps a Buy rating on the shares after the company released their first-ever Sustainable Technology Solutions, or STS, primer last week. STS has much stronger visibility than the firm had anticipated, says the analyst, who argues that the unit’s margins, position to high-growth end markets, and unique position to scale up technology deserve a premium valuation.