Citigroup Maintains Buy on KBR, Raises Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Andrew Kaplowitz has maintained a Buy rating on KBR, Inc. (NYSE:KBR) and increased the price target from $66 to $72, indicating a positive outlook on the company's stock.
April 22, 2024 | 5:25 pm
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Citigroup has reaffirmed its Buy rating on KBR, Inc. and raised the price target from $66 to $72, suggesting confidence in the company's future performance.
The increase in price target by Citigroup reflects a strong vote of confidence in KBR's future prospects, likely due to positive developments within the company or favorable market conditions. This endorsement from a major financial institution could lead to increased investor confidence and a potential uptick in KBR's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100