NEW YORK (TheStreet) -- Analysts at Jefferies Group (JEF) lowered their price target on KBR Inc. (KBR) to $33 from $34, and cut their current quarter estimates to 25 cents per share from 38 cents per share on Tuesday.
The firm said it made these changes based on the lingering impact of some troubled products.
Jefferies kept its "buy" rating on the stock.
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Separately, TheStreet Ratings team rates KBR INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate KBR INC (KBR) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, a generally disappointing performance in the stock itself and poor profit margins."