CLSA raised the firm’s price target on BWX Technologies (BWXT) to $177.60 from $153 and keeps an Outperform rating on the shares. The Trump Administration’s three executive orders for the U.S. nuclear energy industry that provide guidelines for specific aspects of the nuclear value chain are “impressive,” says the firm, which believes elevated multiples are warranted in the space given that the orders provide “clarity and goalposts that were previously untenable.” The firm cites tailwinds from Trump’s nuclear orders and BWX’s “critical positioning within the advanced nuclear value chain” for its price target increase.
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