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KeyBanc Starts Babcock & Wilcox Enterprises (BW) at Overweight

June 29, 2015 8:07 AM EDT
Get Alerts BW Hot Sheet
Price: $1.13 -8.13%

Rating Summary:
    4 Buy, 3 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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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.



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