Goldman Sachs Boosts Numbers on Precision Castparts (PCP), Keeps Top Rating

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/20/2026

1. TGT
2. EL
3. SPY
4. ROST
5. BILL
6. WMT
7. ADI
8. MRK
9. MRNA
10. MRVL

May 18, 2012 7:33 AM EDT
Get Alerts PCP Hot Sheet
Price: $234.95 --0%

Rating Summary:
    4 Buy, 12 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 12 | Down: 15 | New: 40
Join SI Premium – FREE
Goldman Sachs boosted estimates and its price target on Conviction Buy List-rated Precision Castparts (NYSE: PCP) from $209 to $214 following Q4 results that beat the consensus and their estimate.

The firm raised FY2013E/FY2014E/FY2015E to $10.35/$12.25/$13.70 from $10.00/$11.75/ $13.15 to reflect higher IGT OE, fastener, and oil & gas pipe
revenue.

"We reiterate our CL-Buy on PCP, given its best-in-class margins and ROIC, very strong management, leverage to commercial aerospace tailwinds, and unique expansion into Energy end markets," the analyst said.

For an analyst ratings summary and ratings history on Precision Castparts click here. For more ratings news on Precision Castparts click here.

Shares of Precision Castparts closed at $166.54 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Goldman Sachs Conviction Buy List, Goldman Sachs