UBS Maintains Buy on KBR, Lowers Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Steven Fisher maintains a Buy rating on KBR (NYSE:KBR) but lowers the price target from $65 to $63.
February 02, 2024 | 7:08 pm
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UBS maintains a Buy rating on KBR but lowers the price target from $65 to $63.
The adjustment in price target by UBS, while maintaining a Buy rating, suggests a slight recalibration of expectations rather than a fundamental shift in the company's outlook. The reduction in price target might have a neutral to slightly negative short-term impact on the stock price as it reflects a minor adjustment in valuation expectations. However, the continued Buy rating indicates a positive outlook on the company's fundamentals, which could counterbalance any negative reaction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100