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Benzinga

Business

Akanksha Bakshi

BofA Bumps Up BWX Technologies Price Target By 18%

BWX Technologies BofA BWXT Ronald Epstein NYSE

BWX Technologies Inc (NYSE:BWXT) price target has been raised to $65 (an upside of 25%) from $55 by BofA analyst Ronald Epstein, who expects BWXT to continue benefiting from increased defense spending and a greater emphasis on naval operations.
The analyst maintained his Buy rating on BWX Technologies shares.
Epstein boosted the price target, citing the rapidly shifting defense environment and increased defense spending.
Price Action: BWXT shares are trading lower by 1.55% at $52.13 on the last check Wednesday.

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