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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

Nov 2015CitigroupInitiates Coverage onSell
Aug 2015Bank of AmericaUpgradesUnderperformNeutral
Jun 2015DA DavidsonMaintainsBuy

View More Analyst Ratings for KBR
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