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BUZZ-BofA lifts BWXT's PT on strong growth potential; shares rise

Reuters
Yesterday
BUZZ-BofA lifts BWXT's PT on strong growth potential; shares rise

** Shares of nuclear components maker BWX Technologies BWXT.N rise nearly 2% at $208.8 premarket

** BofA Global Research raises price objective on BWXT to $250 from $230; reiterates "buy" rating

** New PT represents a 22.1% upside to stock's last close

** BofA says BWXT is well-positioned across naval, defense, and commercial nuclear sectors that continue to experience strong tailwinds

** Brokerage says co's execution on large government backlog plus new award opportunities in commercial nuclear drive visibility on BWXT’s growth trajectory

** Median PT of 14 brokerages covering the stock is $227 - data compiled by LSEG

** As of last close, BWXT up 18.5% YTD

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))

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