Wells Fargo Starts BWX Technologies (BWXT) at Market Perform

Wells Fargo initiates coverage on BWX Technologies (NYSE: BWXT) with a Market Perform rating and a price target of $65.00.

ANalyst Sam Pearlstein sees many positive reasons to own the stock over the LT but feels the current high valuation coupled with limited visibility into 2018 cash generation is a good enough reason to remain cautious for the NT and await further clarity or a better entry point.

For an analyst ratings summary and ratings history on BWX Technologies click here. For more ratings news on BWX Technologies click here.

Shares of BWX Technologies closed at $61.98 Friday.

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