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Stock Market & Financial Investment News

News Breaks
January 11, 2014
18:11 EDTNPOJudge estimates EnPro’s GST mesothelioma liability at $125M
EnPro Industries announced that Judge George Hodges of the United States Bankruptcy Court for the Western District of North Carolina entered an order estimating the liability for present and future mesothelioma claims against EnPro’s Garlock Sealing Technologies, GST, subsidiary at $125M, consistent with the positions GST put forth at trial. Judge Hodges’s opinion follows the completion of an estimation trial held in his court during July and August of 2013. The judge’s estimate is for mesothelioma claims only. Additional amounts may be necessary to resolve other disease claims and for trust administration costs.
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March 20, 2015
08:03 EDTNPOEnPro outlook still attractive, says Oppenheimer
Following EnPro's Analyst Day, Oppenheimer thinks the company's long-term outlook remains attractive, despite negative foreign exchange effects and weakness in its energy business. The firm significantly lowered its estimates after the company provided revenue guidance. However, it keeps a $92 price target and Outperform rating on the shares.

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