Seaport Research raised the firm’s price target on BWX Technologies (BWXT) to $195 from $185 and keeps a Buy rating on the shares. The firm sees increasing demand for nuclear power generation as a long-term trend with BWX enjoying unique exposure to the military and commercial markets in both nuclear components and fuel, the analyst tells investors in a research note.
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Read More on BWXT:
- DOE’s Coe says U.S. to own as many as 10 nuclear reactors, Bloomberg reports
- BWX Technologies price target raised to $230 from $220 at BofA
- BWX Technologies: Strong Growth Trajectory and Robust Demand Drive Buy Rating
- BWX Technologies Issues $1.25B Convertible Notes
- BWX Technologies price target raised to $225 from $200 at BTIG