KBR Shares Slightly Higher as Analyst Sees Benefit from Chevron's Involvement in Kitimat Project
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.
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
|May 2016||Johnson Rice||Downgrades||Accumulate||Hold|
|Apr 2016||Deutsche Bank||Assumes||Hold|
|Mar 2016||Goldman Sachs||Upgrades||Sell||Neutral|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.