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KBR

KBR

$16.25

-0.07 (-0.43%)

07:56
11/21/16
11/21
07:56
11/21/16
07:56

KBR gets extension of General Engineering Services contract with Saudi Aramco

KBR announced that its Saudi Arabian joint venture engineering operation, KBR-AMCDE, has signed an amendment to extend its existing General Engineering Services Plus Contract with Saudi Aramco. Under the terms of the contract, KBR will provide front-end engineering design, detailed design, material procurement, and project management services to support Saudi Aramco's capital programs in Saudi Arabia. This amendment will extend the contract from an initial five years for a further five years with options for additional extensions. The contract will be executed by KBR-AMCDE using resources located within its Saudi Arabia offices and focus on the development and utilization of local talent throughout the execution phases. Revenue associated with this project was undisclosed and will be booked into backlog of unfilled orders for KBR's Engineering & Construction Business Segment as purchase orders are issued under the contract.

KBR KBR
$16.25

-0.07 (-0.43%)

11/17/16
11/17/16
UPGRADE
Target $20

Buy
KBR upgraded to Buy on valuation, defense spending at BofA/Merrill
As previously reported, BofA/Merrill upgraded KBR to Buy from Neutral and raised its price target to $20 from $16. Analyst Anna Kaminskaya expects structurally higher defense spending to drive a re-rating in KBR and sees less risk of cost overruns in the E&C business given lower reliance on fixed priced contracts and diversification into smaller sized service projects.
11/17/16
11/17/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Microsoft (MSFT) upgraded to Buy from Neutral at Goldman with analyst Heather Bellini saying Azure is the number two market share vendor in the cloud space, and has grown 100% or more year-over-year eight of the last 10 quarters. 2. Time Warner (TWX) upgraded to Buy from Sell at MoffettNathanson. 3. First Solar (FSLR) upgraded at JMP Securities with analyst Joseph Osha citing valuation. 4. KBR (KBR) upgraded to Buy from Neutral at BofA Merrill Lynch with analyst Anna Kaminskaya saying she expects structurally higher defense spending to drive a re-rating in KBR and sees less risk of cost overruns in the E&C business given lower reliance on fixed priced contracts and diversification into smaller sized service projects. 5. Liberty Interactive (QVCA) upgraded to Buy from Neutral at BofA Merrill Lynch with analyst Heather Balsky saying she has increased confidence in a return to positive US sales growth and expects multiple expansion as sales improve. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/21/16
MKMP
11/21/16
UPGRADE
MKMP
Buy
KBR upgraded to Buy from Neutral at MKM Partners
11/21/16
MKMP
11/21/16
UPGRADE
Target $21
MKMP
Buy
KBR upgraded to Buy from Neutral on rebranding efforts at MKM Partners
MKM Partners analyst Daniel Scott upgraded KBR to Buy and raised its price target to $21 from $15 saying the new business mix emphasizing government services and technology de-risks the model and warrants a re-rating of the valuation methodology.

TODAY'S FREE FLY STORIES

AVA

Avista

$51.40

0.1 (0.19%)

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BMWYY

BMW

$34.00

0.083 (0.24%)

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CSCO

Cisco

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0.67 (2.05%)

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BMY

Bristol-Myers

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0.03 (0.05%)

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INSE

Inspired Entertainment

$13.60

0.3 (2.26%)

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MNOV

MediciNova

$6.18

0.3 (5.10%)

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Breaking Syndicate news story on MediciNova »

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  • 26

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ISRG

Intuitive Surgical

$1,031.52

1.31 (0.13%)

17:25
09/22/17
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Conference/Events
Intuitive Surgical to host special shareholder meeting »

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GD

General Dynamics

$205.41

-0.31 (-0.15%)

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CHRS

Coherus Biosciences

$12.85

0.3 (2.39%)

17:19
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Syndicate
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  • 25

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FIBK

First Interstate

$36.90

0.3 (0.82%)

17:18
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Syndicate
First Interstate files to sell $250M of Class A common stock »

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NRCIA

National Research, also tag NRCIB

$37.45

0.55 (1.49%)

, NRCIB

National Research, also tag NRCIA

$54.30

0.31 (0.57%)

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$37.45

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$54.30

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CC

Chemours

$51.79

-0.16 (-0.31%)

, HON

Honeywell

$141.75

0.89 (0.63%)

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Chemours

$51.79

-0.16 (-0.31%)

HON

Honeywell

$141.75

0.89 (0.63%)

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AGN

Allergan

$204.65

1.99 (0.98%)

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HON

Honeywell

$141.75

0.89 (0.63%)

, CC

Chemours

$51.79

-0.16 (-0.31%)

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Honeywell, Chemours seek rehearing of D.C Court decision regarding SNAP program »

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HON

Honeywell

$141.75

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CC

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JOE

Saint Joe Co.

$18.60

0.45 (2.48%)

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General news
Moody's downgrades UK's rating to Aa2, changes outlook to stable »

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A

Agilent

$65.78

-0.14 (-0.21%)

, MRK

Merck

$65.13

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Agilent

$65.78

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MRK

Merck

$65.13

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TYHT

Shineco

$3.23

-0.45 (-12.23%)

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ARCI

Appliance Recycling

$1.16

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RNVA

Rennova Health

$0.22

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ARCI

Appliance Recycling

$1.16

0.03 (2.65%)

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16:30
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Options
Preliminary option volume of 13.9M today »

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EKSO

Ekso Bionics

$1.28

0.14 (12.28%)

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UNH

UnitedHealth

$193.03

-2.18 (-1.12%)

, AET

Aetna

$153.57

0.18 (0.12%)

16:22
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UNH

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AET

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ANTM

Anthem

$182.86

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CI

Cigna

$182.74

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AAPL

Apple

$151.89

-1.5 (-0.98%)

FSLR

First Solar

$51.41

2.65 (5.43%)

FINL

Finish Line

$9.73

0.51 (5.53%)

ASND

Ascendis Pharma

$34.24

6.5 (23.43%)

VSAR

Versartis

$2.68

-18.925 (-87.62%)

ICPT

Intercept

$61.59

-12.11 (-16.43%)

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DLR

Digital Realty

$114.51

-1.72 (-1.48%)

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Breaking Syndicate news story on Digital Realty »

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