KBR Top Pick As EPS Estimates Increase

KBR, Inc. KBR reported a mixed 2Q, but remains positive with its EPS of $0.66 vs. Pritchard's estimate of $0.58. The slightly higher margins and low share count may drive 2011 EPS estimates to $2.00 over $1.95, according to Pritchard, and therefore its "buy" rating is reiterated and the price target is at $28. KBR, Inc. closed yesterday at $22.15.