Market Overview

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

Share:
Related KBR
Top Performing Industries For November 23, 2016
5 Biggest Price Target Changes For Monday
Boomers, Retirement, Inflation (Seeking Alpha)
Related CVX
After OPEC Production Cut, These Leveraged ETFs Still Merit Attention
18 Biggest Mid-Day Gainers For Thursday
December 2016's 10 Worst CCC Stocks At Various Market Caps (Seeking Alpha)

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
Nov 2016MKM PartnersUpgradesNeutralBuy
Oct 2016Goldman SachsDowngradesNeutralSell
Oct 2016Johnson RiceUpgradesHoldAccumulate

View More Analyst Ratings for KBR
View the Latest Analyst Ratings

Posted-In: Analyst Color Analyst Ratings

 

Related Articles (CBI + CVX)

View Comments and Join the Discussion!