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A number of firms have modified their ratings and price targets on shares of KBR (NYSE: KBR) recently:

  • KBR had its price target lowered by analysts at Barclays from $35.00 to $31.00. They now have an “overweight” rating on the stock.
  • KBR had its price target lowered by analysts at Credit Suisse from $34.00 to $30.00. They now have an “outperform” rating on the stock.
  • KBR had its “outperform” rating reaffirmed by analysts at Macquarie. They now have a $28.00 price target on the stock, down previously from $33.00.
  • KBR had its price target lowered by analysts at Jefferies Group from $33.00 to $30.00.
  • KBR had its “equal weight” rating reaffirmed by analysts at Johnson Rice. They now have a $28.00 price target on the stock, down previously from $32.00.
  • KBR had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $30.00 price target on the stock, down previously from $38.00. They wrote, “KBR reported a first quarter loss of $0.29 per share, substantially below our expectations due to project losses and other operating issues. Please see our previous variance report. Errors discovered in the 2013 financial results related to project loss recognition delayed the Q1 report. Additionally, backlog at the end of the quarter slipped further due to low bookings activity, but remains at a relatively high level. Despite the losses, the company continues to maintain a very secure financial position with no debt and substantial cash.”

Shares of KBR, Inc. (NYSE:KBR) traded down 1.96% on Thursday, hitting $23.51. The stock had a trading volume of 1,894,056 shares. KBR, Inc. has a one year low of $22.48 and a one year high of $36.70. The stock’s 50-day moving average is $24.47 and its 200-day moving average is $28.04. The company’s market cap is $3.418 billion.

KBR, Inc (NYSE:KBR) is a global engineering, construction and services company supporting the energy, hydrocarbons, Government services, minerals, civil infrastructure, power, industrial and commercial markets.

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