Maxim analyst Tate Sullivan raised the firm’s price target on BWX Technologies to $85 from $75 and keeps a Buy rating on the shares. The analyst cites the company’s Q2 earnings beat and guidance raise while also noting its progress on multiple projects providing nuclear technologies in clean energy, medical and national security markets that should drive its long-term EPS growth through economic cycles and during more international military positioning among China, Russia, and the U.S.
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Read More on BWXT:
- BWX Technologies upgraded to Outperform from Neutral at Baird
- BWX Technologies narrows FY23 EPS view to $2.85-$3.00, consensus $2.89
- BWX Technologies reports Q2 adjusted EPS 65c, consensus 59c
- BWX Technologies awarded contract from TerraPower
- BWX Technologies to provide nuclear reactor engine fuel for DARPA space project
