Cowen reiterated an Outperform rating and $52.00 price target on KLX Inc (NASDAQ: KLXI) following the company's 2Q15 earnings report. KLXI reported adjusted EPS of $0.62 on sales of $413MM. Adjusted EBITDA at ESG now excludes $4.5MM/Q of "start-up" costs from new hires & store openings, a $0.05 plus to adj. EPS vs. the prior presentation.

Analyst Gautam Khanna commented, "We reiterate our Outperform rating on KLX post Q2's decent ASG results. KLX's aero franchise (ASG) & ~$5/sh cash tax asset (PV) imply a negative value for the energy business, an excessive discount that should abate once the ESG trough is visible, perhaps later this year."

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

Shares of KLX Inc closed at $39.18 yesterday.