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HARTFORD, Conn. (AP) — Shares of engineering and construction firms jumped Tuesday as an analyst upgraded KBR Inc. and reiterated his "Buy" ratings for three other companies, saying they are benefiting from rising oil prices.
Broadpoint AmTech analyst Will Gabrielski raised his profit estimate for KBR, upgraded the engineering and construction firm to "Buy" from "Neutral" and raised his price target to $21 from $13, implying a more than 25 percent premium from its closing price Friday.
He expects earnings will be $1.66 per share in 2010, up from $1.64 per share. He initiated an estimate of $1.91 per share for 2011. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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