Market Overview

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

Related KBR
KBR, Inc. (KBR) Crumbles: Stock Falls 7.1% in Session - Tale of the Tape
UPDATE: D.A. Davidson & Co. Reiterates On KBR As First Quarter Shortfall Dampens Outlook
Related CVX
Benzinga's M&A Chatter for Wednesday July 2, 2014
15 Companies That Are Killing It With Equal Rights
Energy Stocks Move Higher as Oil Spikes (Fox Business)

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.

Posted-In: Analyst Color Analyst Ratings

 

Most Popular

Related Articles (CBI + CVX)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free