EnPro price target raised to $240 from $215 at Oppenheimer

Oppenheimer analyst Ian Zaffino raised the firm’s price target on EnPro (NPO) to $240 from $215 and keeps an Outperform rating on the shares. The firm notes EnPro’s Q2 sales of $288M beat its/Street’s $283M/$284M estimates, driven by strength at AST. Oppenheimer remains bullish as higher-growth end markets continue to ramp and management executes on growth initiatives at AST.