Sterne Agee Downgrades Precision Castparts (PCP) to Neutral
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Cowen Downgrades Precision Castparts (PCP) to Market Perform
January 22, 2015 1:20 PM ESTCowen downgraded Precision Castparts (NYSE: PCP) from Outperform to Market Perform.
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 $208.75 yesterday.
... MorePrecision Castparts (PCP) Misses Q3 EPS Views; Sees FY16 EPS Below Expectations
January 22, 2015 7:55 AM ESTPrecision Castparts (NYSE: PCP) reported Q3 EPS of $3.09, $0.32 worse than the analyst estimate of $3.41. Revenue for the quarter came in at $2.46 billion versus the consensus estimate of $2.56 billion.
"Our third quarter performance included some clear achievements, but we also faced some real challenges in several of our end markets," said Mark Donegan, chairman and chief executive officer of Precision Castparts Corp. (PCC). "On the plus side, we made solid progress on our production and development aircraft and engines programs, growing 6 percent year over year. In addition, our 7 percent growth in industrial gas... More
