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Strategies & Market Trends : Dividend investing for retirement

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To: Ditchdigger who wrote (34020)	3/5/2022 9:51:57 AM
From: Ditchdigger	Read Replies (1) of 34328

Answer to my KBR question on yesterday's action KBR, Inc. (KBR) Stock: $65 Price Target And Buy RatingBy Amit Chowdhry ? Yesterday at 3:38 PM The shares of KBR, Inc. (NYSE: KBR) have received a $65 price target from DA Davidson. These are the details.The shares of KBR, Inc. (NYSE: KBR) have received a $65 price target from DA Davidson. And DA Davidson analyst Brent Thielman upgraded KBR from a “Neutral” rating to a “Buy” rating while increasing the price target from $48. “The GAO recently issued a favorable judgment that denies the protest of an awarded major program to a KBR JV (HomeSafe). KBR had excluded this contract from 2022 guidance with 4Q earnings,” wrote Thielman in a research note. “With this favorable ruling, which appears to validate the appropriate recipients, we do see upward mobility in estimates (where we are above Street already for 2023). In addition, recent multiple expansion among Gov. Services peers and elevated commodity prices also lend tailwinds for these shares.”

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