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Stock Market & Financial Investment News

News Breaks
January 14, 2014
08:48 EDTNPOEnPro price target raised to $90 from $64 at Sterne Agee
Sterne Agee increased its price target on EnPro after a judge fined the company a lower than expected amount for mesothelioma claims. The firm expects the stock to transition from being viewed as a special situation to being regarded as a value story. It predicts that the shares will continue to rise, and it keeps a Buy rating on the stock.
News For NPO From The Last 14 Days
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October 30, 2014
05:31 EDTNPOEnPro 'cautiously optemistic' that Q4 will be near Q3 results
Steve Macadam, EnPro president and CEO, stated, “We are cautiously optimistic that sales for Q4 will be near Q3's level. OEM order activity remains firm in our semiconductor, aerospace and trucking markets and we have a substantial shippable backlog in Power Systems in the fourth quarter. However, margins generated by engine revenues and OEM sales are generally lower than our aftermarket margins. As a result, fourth quarter segment margins may be lower than those we reported in Q3. We remain excited about the longer term benefits from a number of strategic growth initiatives underway and the potential for additional growth that our new capital structure affords us.".
05:28 EDTNPOEnPro reports Q3 adjusted EPS 75c, consensus 42c
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