KBR Wins Key Engineering Contracts for Seatrium's FPSO Projects in Brazil

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TD Cowen Downgrades KBR, Inc. (KBR) to Hold

September 6, 2024 5:29 AM EDT

TD Cowen analyst Guatam Khanna downgraded KBR, Inc. (NYSE: KBR) from Buy to Hold with a price target of $72.00.

The analyst comments "Fewer Catalysts & Some Execution/Timing Risk - Now that the Linquest acquisition closed, we see a less catalyst-rich path for the stock over the next 6 months. E.g. KBR's 2 Saudi LTC wins are... More