Jefferies & Company Raises Price Target For KBR, Inc. (KBR)

Analyst Michael Dudas at Jefferies & Company has released an update on KBR, Inc. (NYSE: KBR). The company has reported its first-quarter results.

KBR, Inc. reported first-quarter EPS of $0.29 per share, lower than Jefferies’ estimate of $0.40 and consensus of $0.39. Jefferies says that despite the soft quarterly results reported by KBR, it is pleased with the company’s ability to maintain a healthy backlog.

Jefferies & Company has raised the price target for KBR, Inc. from $23 to $25. The brokerage firm has maintained its Hold rating for the company.