KeyBanc Initiates Babcock & Wilcox With Overweight

KeyBanc initiated coverage on Babcock & Wilcox Co BWC with a Overweight rating. The target price for Babcock & Wilcox is set to $22. Babcock & Wilcox shares have gained 3.64 percent over the past 52 weeks, while the S&P 500 index has surged 7.17 percent in the same period. Babcock & Wilcox shares fell 0.59 percent to $33.46 in after-hours trading.