D.A. Davidson Reiterates on KBR
In a report published Thursday, D.A. Davidson & Co. analyst John Rogers reiterated a Buy rating on KBR (NYSE: KBR) with a $40.00 price target.
According to the report, shares have appreciated modestly over the past 12 months, the stock has lagged peers and analyst's expectations. The analysts are again selecting KBR as the most attractive larger E&C company stock based on the shares return potential in 2014.
“KBR is a leader in engineering and construction capabilities including established market positions in gas processing, upstream and downstream hydrocarbon production, downstream refining/chemicals production as well as industrial facilities, infrastructure and government support services,” the report said. “KBR's experience and expertise appear to position the company to capitalize on particular waves of capital spending on North American LNG projects, Canadian oil sands development, and downstream chemical projects.”
Some highlights from the report included:
-Multiple potential catalysts. -Shares lag peers.
KBR closed Tuesday at $31.89.
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