KBR Seen With More Downside -- Market Talk

Dow Jones
Jun 23, 2025

0958 ET - KBR's current market sentiment isn't one to get behind an uncertain outlook even if the stock is inexpensive, KeyBanc Capital Markets' Sangita Jain and Madison Lehan in a research note. The government contractor has faced a steady drip of negative news, most recently with the Defense Department terminating its HomeSafe program for cause. "We were hoping for a quick resolution on HomeSafe and for KBR's management to recast its outlook versus the 2024 analyst day, once that happened," say the analysts. "We got one but not the other." Jain and Lehan downgrade KBR to sector weight and lower estimates, but note they are "unconvinced that further downside estimate revisions are not pending." (denny.jacob@wsj.com; @pennedbyden)

 

(END) Dow Jones Newswires

June 23, 2025 09:58 ET (13:58 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10