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Fly News Breaks for December 27, 2018
KBR
Dec 27, 2018 | 07:56 EDT
MKM Partners analyst Daniel Scott kept his Buy rating and $25 price target on KBR, saying the stock is his "top pick for 2019". The analyst believes that the company is "closing in on its breakout earnings scenario" and also sees the valuation on the shares as "very compelling". Scott further states that KBR stock has traded down sharply recently in concert with declining crude oil prices, even though the management has decided to "pivot towards more government services and technology end markets and to reduce exposure to hydrocarbons" 3 years ago.