KeyBanc Starts Babcock & Wilcox Enterprises (BW) at Overweight
Get Alerts BW Hot Sheet
Rating Summary:
4 Buy, 3 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Join SI Premium – FREE
KeyBanc initiated coverage on Babcock & Wilcox Enterprises (NYSE: BW) (when issued) with an Overweight rating and a price target of $22.00.
Analyst Tahira Afzal said, "We are launching on BW with an Overweight rating and a price target of $22 – while we acknowledge the Company’s level of exposure to the shrinking coal power generation market, our analysis suggests the initiatives in place as potentially offsetting revenue headwinds. Also, we gauge management has cushioned its 2016+ outlook, suggesting compelling valuation, particularly when placed in an increasing interest rate environment (which should benefit valuation by lowering pension liability)."
For an analyst ratings summary and ratings history on Brush Engineered Materials click here. For more ratings news on Brush Engineered Materials click here.
Shares of Brush Engineered Materials closed at $42.27 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- TD Cowen Starts Grindr (GRND) at Buy
- Dollar General (DG) PT Raised to $175 at Argus
- Safran SA (SAF:FP) (SAFRY) PT Raised to EUR211 at Citi, 'remain positive on the aftermarket'
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, New CoverageRelated Entities
KeyBancSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!