TD Cowen Downgrades KBR to Hold, Announces $72 Price Target
Portfolio Pulse from Benzinga Newsdesk
TD Cowen has downgraded KBR from Buy to Hold, setting a price target of $72.
September 06, 2024 | 9:51 am
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TD Cowen has downgraded KBR from Buy to Hold, with a new price target of $72. This downgrade may indicate a less optimistic outlook on KBR's short-term performance.
The downgrade from Buy to Hold suggests that the analyst sees limited upside potential in KBR's stock price in the near term. The $72 price target provides a specific valuation expectation, which may influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100