KBR price target raised to $83 from $80 at Stifel

Stifel raised the firm’s price target on KBR to $83 from $80 and keeps a Buy rating on the shares. KBR, which is slated to report earnings April 30 and host their investor day just after on May 8, has “enjoyed a nice run since 1Q earnings,” notes the firm, which adds “we don’t think that run is ending yet with earnings drivers on both sides of the business.” If KBR were to offer a guidance raise, “we would view that as quite bullish,” but “even if we don’t, we think one is coming later in the year with additional growth in 2025,” the analyst tells investors.