KBR price target raised to $80 from $78 at Stifel

Stifel raised the firm’s price target on KBR to $80 from $78 and keeps a Buy rating on the shares after the company hosted a webinar to discuss its Sustainable Technology Solutions, or STS, unit, which is on track to exceed $400M in EBITDA by 2025. While the firm doesn’t think this primer answered all of investors’ questions, Stifel views it as “a good step toward improving visibility for the segment,” the analyst noted.