By: Benzinga
UPDATE: Citigroup Reiterates Buy Rating, Raises PT on Precision Castparts Corp.
In a report published Wednesday, Citigroup reiterated its Buy rating on Precision Castparts Corp. (NYSE: PCP ), and raised its price target from $193.00 to $238.00. Citigroup noted, “We're positive on PCP for 3 reasons. First, the company is exposed to positive cyclical dynamics, particularly production rate increases by commercial
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