KeyBanc Bumps Up EnPro Industries Price Target By 15%

KeyBanc analyst Jeffrey Hammond raised the price target on EnPro Industries, Inc. NPO to $132 (an upside of 31.6%) from $115 and maintained an Overweight rating on the shares following the company's Q3 earnings and conference call.
The analyst is "encouraged" by the company's "impressive execution" within the base business despite near-term headwinds and walks away with increased conviction around EnPro's portfolio transformation strategy with the NxEdge acquisition announcement.
Hammond sees above-average earnings momentum for EnPro and significant room for upward multiple revisions as investors better appreciate the most recent portfolio changes.
Also Read: EnPro Industries To Acquire NxEdge For $850M.
Price Action: NPO shares closed higher by 8.73% at $100.23 on Friday.

Momentum76.30

Growth37.30

QualityNot Available

Value19.86

Short

Medium

Long

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