BofA analyst Ronald Epstein raised the firm’s price target on BWX Technologies to $80 from $75 and keeps a Buy rating on the shares. Conditions in the Government Operations business continue to improve, and the company is at peak levels for pending employment starts, the analyst tells investors in a research note. The Government Operations business also continues to see strong bipartisan support for higher naval spending as well as improving growth prospects in the small modular reactor market, the firm added.
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