BWX Technologies price target lowered to $118 from $120 at Deutsche Bank

Deutsche Bank lowered the firm’s price target on BWX Technologies (BWXT) to $118 from $120 and keeps a Buy rating on the shares as part of a Q1 preview for the aerospace group. The firm’s top ideas for the quarter are GE Aerospace (GE), Howmet Aerospace (HWM), Carpenter Technology (CRS), and Crane (CR). All of these names can beat by mid-single-digits or better, and all have a strong track record of executing well in environments of uncertainty, the analyst tells investors in a research note. Deutsche also likes Northrop Grumman (NOC) as a way to balance out the beta, which its top ideas “admittedly skew higher on.” The firm is negative on HII (HII) Into the print.