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UPDATE: Ascendiant Capital Markets Initiates EnPro Industries at Neutral; Lacks Revenue Visibility

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Ascendiant Capital Markets initiated EnPro Industries (NYSE: NPO) with a Neutral rating.

Ascendiant Capital Markets noted, "Soft conditions across its end markets started in the second half of 2012 and are expected to persist into 2013. Given the short cycle nature of its products, visibility for improvement is low. Near term softness is expected to continue in the heavy duty truck market, semiconductors and the Canadian natural gas market along with weak general industrial markets. Customer feedback has been positive for an improvement in the latter half of the year."

EnPro Industries closed at $47.74 on Wednesday.

Latest Ratings for NPO

DateFirmActionFromTo
Aug 2014KeyBancDowngradesBuyHold
Jan 2014Sidoti & Co.DowngradesBuyNeutral
Jan 2014CL KingUpgradesNeutralBuy

View More Analyst Ratings for NPO
View the Latest Analyst Ratings

Posted-In: Ascendiant Capital MarketsAnalyst Color Initiation Analyst Ratings

 

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