UPDATE: J.P. Morgan Reiterates Overweight Rating, Raises PT on Precision Castparts Corp.
In a report published Monday, J.P. Morgan & Co. reiterated its Overweight rating on Precision Castparts Corp. (NYSE: PCP), and raised its price target from $185.00 to $195.00.
J.P. Morgan noted, “We rate PCP Overweight as we believe growth in the company's key aerospace and power end markets, strong execution, and a proven ability to generate value through M&A should enable it to outperform through the cycle.”
Precision Castparts Corp. closed on Friday at $171.33.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.