KeyBanc Starts EnPro Industries (NPO) at Buy; Underappreciated Portfolio of Leading Businesses

KeyBanc initiates coverage on EnPro Industries (NYSE: NPO) with a Buy. PT $42.00.

KeyBanc analyst says, "Shares are attractively priced at current levels, which, coupled with a plan for a permanent resolution of its asbestos liability under a reasonable settlement, supports a "call option" worth an estimated $12-$18 per share - GST is adequately capitalized, with resources sufficient to permanently resolve the asbestos litigation, while preserving the inherent value of the Company."

For an analyst ratings summary and ratings history on EnPro Industries click here. For more ratings news on EnPro Industries click here.

Shares of EnPro Industries closed at $33.23 yesterday.

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