BWX Technologies price target raised to $105 from $90 at Barclays

Barclays analyst David Strauss raised the firm’s price target on BWX Technologies (BWXT) to $105 from $90 and keeps an Underweight rating on the shares. BWX has outperformed defense by 90% over last two years and now trades at 75% premium, as compared to the typical 20%, the analyst tells investors in a research note. The firm says the stock’s recent outperformance has followed that of power names and small modular reactor prime NuScale. It estimates the value of BWX’s small modular reactor opportunity at $1.7B.