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KBR Shares Slightly Higher as Analyst Sees Benefit from Chevron's Involvement in Kitimat Project

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Tudor Pickering's George O' Leary released a research note Wednesday morning suggesting Chevron's (NYSE: CVX) partaking in the Kitimat LNG project should be a "substantial positive" for KBR (NYSE: KBR). The analyst believes Chevron's involvement increases the odds of getting a final investment decision over the next year.

O' Leary said Foster Wheeler (NASDAQ: FWLT), Saipem, Chicago Bridge & Iron (NYSE: CBI) and Bechtel could be companies which might win contracts related to Kitimat.

Tudor Pickering maintains a Buy rating on shares of KBR.

The stock is up nearly 1.5 percent at last check.

Latest Ratings for KBR

DateFirmActionFromTo
May 2016Johnson RiceDowngradesAccumulateHold
Apr 2016Deutsche BankAssumesHold
Mar 2016Goldman SachsUpgradesSellNeutral

View More Analyst Ratings for KBR
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