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Fly News Breaks for February 29, 2016
KBR
Feb 29, 2016 | 07:02 EDT
Citi analyst Andrew Kaplowitz upgraded KBR to Neutral from Sell as he believes the risk that the company's earnings will at least modestly decline in 2016/2017 is now reflected in shares after their recent pullback of about 20%. The analyst, who added that KBR's cash is "increasingly difficult to ignore," set a $15 price target on the shares.