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Fly News Breaks for February 26, 2018
KBR
Feb 26, 2018 | 08:23 EDT
Credit Suisse analyst Jamie Cook downgraded KBR to Neutral from Outperform as he believes the Ichthys problem project coupled with what is now a highly levered balance sheet and potential risk of a modest equity raise will be an overhang on the stock. The analyst also lowered his price target on the shares to $16 from $24.
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