Deutsche Bank Starts Precision Castparts (PCP) at Buy; Metal Bending At Its Best
PCP Hot Sheet
Rating Summary:8 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Deutsche Bank initiates coverage on Precision Castparts (NYSE: PCP) with a Buy. PT $165.
Deutsche analyst says, "We see PCP as one of the highest quality plays on the commercial aerospace recovery as the company's castings, forgings and fasteners are at the heart of the critical path for the pending upcycle. A track record of execution and accretive M&A more than make us comfortable that the stock will continue to maintain its 20% premium valuation to the rest of the industry, affording shareholder returns tied to earnings growth of 15-20% over the next few years before considering additional M&A."
For more ratings news on Precision Castparts click here and for the rating history of Precision Castparts click here.
Shares of Precision Castparts closed at $135.10 yesterday, with a 52 week range of $95.84-$143.52.
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Deutsche analyst says, "We see PCP as one of the highest quality plays on the commercial aerospace recovery as the company's castings, forgings and fasteners are at the heart of the critical path for the pending upcycle. A track record of execution and accretive M&A more than make us comfortable that the stock will continue to maintain its 20% premium valuation to the rest of the industry, affording shareholder returns tied to earnings growth of 15-20% over the next few years before considering additional M&A."
For more ratings news on Precision Castparts click here and for the rating history of Precision Castparts click here.
Shares of Precision Castparts closed at $135.10 yesterday, with a 52 week range of $95.84-$143.52.
Discover Wall Street's best ratings calls with the pros - Upgrade to Ratings Insider Elite. Free Trial!
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