Babcock & Wilcox (BW) to Restructure Traditional Power Business; Updates FY16 Outlook

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Go back to Babcock & Wilcox (BW) to Restructure Traditional Power Business; Updates FY16 Outlook

UBS Cuts Price Target on Babcock & Wilcox (BW) to $25 Following Operational Update

June 29, 2016 7:46 AM EDT

UBS reiterated a Buy rating on Babcock & Wilcox Enterprises (NYSE: BW), and cut the price target to $20.00 (from $25.00), following an operational update. 2016 EPS guidance was reduced to $0.63-$0.83 from $1.25-$1.45, due mostly in part to a $38m delay in revenue due to the fires in... More