KeyBanc Upgrades Precision Castparts (PCP) to Buy

April 16, 2013 11:21 AM EDT
Get Alerts PCP Hot Sheet
Price: $234.95 --0%

Rating Summary:
    6 Buy, 13 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 23 | Down: 31 | New: 19
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KeyBanc upgraded Precision Castparts (NYSE: PCP) from Hold to Buy with a price target of $240.00.

Analysts at the bank said they believe Precision Castparts offers investors a "compelling play on the commercial aerospace OE production cycle at reasonable valuation." They also anticipate "deal-related synergies" and benefit from increasing production rates at Boeing (NYSE: BA) and Airbus.

For an analyst ratings summary and ratings history on Precision Castparts (NYSE: PCP) click here. For more ratings news on Precision Castparts click here.

Shares of Precision Castparts closed at $184.55 yesterday.

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