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.
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