BWX Technologies price target raised to $200 from $155 at BTIG

BTIG analyst Andre Madrid raised the firm’s price target on BWX Technologies (BWXT) to $200 from $155 and keeps a Buy rating on the shares. The company’s Government Operations came in above expectations on strong execution in special materials, material procurement, and the AOT acquisition, the analyst tells investors in a research note. Strong demand seen in the quarter also confirms market dominance and high barriers to entry, the firm added.