Rodman & Renshaw Initiates Coverage on EnPro at Outperform

According to Rodman & Renshaw, EnPro Industries NPO coverage is initiated with an Outperform rating. Rodman & Renshaw said that it is initiating coverage of EnPro Industries Inc. NYSE with a Market Outperform rating. “Our 12-month price target of $47 equates to 12.5X our 2012 adjusted EPS estimate and offers investors ~50% upside from current levels.” EnPro Industries closed yesterday at $31.55.