KeyBanc downgraded EnPro Industries (NYSE: NPO) from Buy to Hold and removed its price target (prior $87.00). The change follows Q2 results.

Analyst Jeffrey D. Hammond said, "In short, we are fatigued by earnings inconsistencies that have been driving downward revisions across its businesses, while at the same time shareholder value creation has been notable given GST's favorable asbestos litigation, which was core to our thesis. With a large portion of the asbestos resolution upside likely already in the stock, coupled with a lower earnings trajectory, we view NPO's risk/reward as balanced at current levels. We would revisit the name upon a further pull back in the shares and/or greater clarity on and confidence in the long-term earnings power of the base business."

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 $68.42 yesterday.