Market Overview

Wedbush: PCP Maintains Outperform Rating And Positive PT


Wedbush released a research report on Precision Castparts Corp. (NYSE: PCP) announcing the outcome of the management meetings, which highlighted the company's operating upside.

In the report Wedbush writes, “Recent management meetings helped to remind us why we continue to be positive on PCP: operational excellence and continued strong fundamentals will continue to drive upside. If markets slow substantially, PCP will be impacted like other firms. However, we believe the greater exposure to the commercial original equipment cycle, the relative balance now in fastener inventory levels, the industry-leading cost structure, new market opportunities and the structures opportunity should drive earnings growth.”

Wedbush maintains an Outperform rating and maintains a $175.00 price target on Precision Castparts, which closed yesterday at $156.80.


Related Articles (PCP)

View Comments and Join the Discussion!

Posted-In: WedbushAnalyst Color Analyst Ratings

Latest Ratings

EPDSMBC NikkoInitiates Coverage On27.0
DLRMizuhoInitiates Coverage On165.0
DCPHStifelInitiates Coverage On75.0
CORMizuhoInitiates Coverage On135.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at