KeyBanc Upgrades Precision Castparts (PCP) to Buy

April 16, 2013 11:21 AM EDT Send to a Friend
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Price: $210.07 +0.30%

Rating Summary:
    8 Buy, 10 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 10 | Down: 23 | New: 26
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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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