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KBR, Inc. Message Board

  • citiccgirl citiccgirl Apr 9, 2013 3:38 PM Flag

    KBR break out stocks on real Money owns KBR

    Breakout Stocks Weekly Summary
    Bryan Ashenberg, CFA

    04/08/13 - 04:35 PM EDT

    KBR (Industrials -- KBR:NYSE, $28.93, 600 shares, 5.19%): This diversified engineering-and-construction company has exposure to the energy, government-services, minerals, civil-infrastructure, power and industrial sectors. KBR is heavily weighted toward the energy industry, so its performance is likely to hinge on oil and natural gas prices. The shares were punished for 7% this week as concerns of global macroeconomic slowing came to the fore. On Friday, Credit Suisse reiterated KBR as one of its Top Picks after having recently met with the management team and concluding that demand for North American energy infrastructure projects continues to grow. On Monday, Goldman Sachs launched research coverage of KBR with a Buy rating and $41 price objective. We believe this year has the potential to be a strong one for KBR as labor costs come down and several larger projects begin to contribute more meaningfully to revenue. Looking ahead, the company's strong pipeline of potential new awards, combined with a potentially improving economic outlook, continue to make the stock a compelling long-term investment.

    Sentiment: Strong Buy

14.38-0.12(-0.83%)Sep 27 4:02 PMEDT