BofA/Merrill Lynch Starts KBR, Inc. (KBR) at Underperform
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Price: $62.78 +1.05%
Rating Summary:
14 Buy, 7 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
14 Buy, 7 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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BofA/Merrill Lynch initiates coverage on KBR, Inc. (NYSE: KBR) with a Underperform rating and a price target of $14.00.
Analyst Anna Kaminskaya said poor end-markets outweigh the restructuring. The analyst calls the stock a "show-me" story for 2015. Meanwhile, cost savings may not be enough to offset declining core earnings.
For an analyst ratings summary and ratings history on KBR, Inc. click here. For more ratings news on KBR, Inc. click here.
Shares of KBR, Inc. closed at $16.61 yesterday.
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