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Fly News Breaks for April 27, 2018
KBR
Apr 27, 2018 | 06:14 EDT
DA Davidson analyst Brent Thielman upgraded KBR to Buy from Neutral and raised his price target to $21 from $17.50 after its Q1 earnings beat. Thielman says that the company's results suggest that the Hydrocarbon Services bookings imply a rebound for Q2, while the "troubled" Ichthys project is on target. The analyst also expects the less risky Government Services and Technology business to represent 86% of backlog in 2019 adding to the earnings momentum.
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