This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Analyst Lifts KBR Rating On Projects, Valuation

HARTFORD, Conn. (AP) ¿ An analyst upgraded KBR Inc. to "Buy" Friday, saying the engineering and construction firm is in line for several large projects in the near future.

Despite losing military contracts in Afghanistan, Stifel Nicolaus & Co. analyst Barry Bannister said in a client note that KBR continues to do work for British forces in Afghanistan and the U.S., "perhaps vividly demonstrating their capabilities vis-a-vis competitors."

He said 2010 to 2011 may feature "extraordinarily large contracts" such as liquefied natural gas work in Australia and a petrochemical plant and refinery, both in Saudi Arabia.

Bannister said the Houston company's stock slide in the past week was unwarranted. Shares have fallen 16 percent since Oct. 22, closing at $20.57 Thursday.

He reversed his previous rating on Monday when he downgraded KBR to "Hold" from "Buy" on an assessment that profit could decline significantly this year as the U.S. military becomes less active in Iraq.

KBR said Thursday its third-quarter profit fell 14 percent as revenue declined in its biggest business, government and infrastructure, and in its military work in Iraq with fewer U.S. projects.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GLU $17.87 0.00%
KBR $15.56 0.00%
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs