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Benzinga
Benzinga
Business
Akanksha Bakshi

BofA Bumps Up BWX Technologies Price Target By 18%

BWX Technologies BofA BWXT Ronald Epstein NYSE
  • BWX Technologies Inc (NYSE:BWXT) price target has been raised to $65 (an upside of 25%) from $55 by BofA analyst Ronald Epstein, who expects BWXT to continue benefiting from increased defense spending and a greater emphasis on naval operations.
  • The analyst maintained his Buy rating on BWX Technologies shares.
  • Epstein boosted the price target, citing the rapidly shifting defense environment and increased defense spending.
  • Price Action: BWXT shares are trading lower by 1.55% at $52.13 on the last check Wednesday.
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