Oppenheimer Starts Gencorp (GY) at Outperform

March 20, 2013 4:23 PM EDT
Get Alerts GY Hot Sheet
Price: $20.80 --0%

Rating Summary:
    2 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 11 | New: 31
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Oppenheimer initiates coverage on Gencorp (NYSE: GY) with a Outperform. PT $20.00.

"With an impressive 2014E 24% FCF yield ex-land, a highly valued land bank and a company-transforming acquisition about to close, we believe GenCorp is an interesting investment opportunity," the analyst said. "The company has one of the more favorable growth profiles in the defense industry, given its focus on "highest priority" projects and its role as a mission-critical supplier of highly-reliable propulsion systems."

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

Shares of Gencorp closed at $12.65 yesterday.

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