GenCorp (GY +3.7%) trades up today after Oppenheimer intiated the shares with an Outperform and...
GenCorp (GY +3.7%) trades up today after Oppenheimer intiated the shares with an Outperform and a $20 price target this morning. Oppenheimer says the stock has one of the more favorable growth profiles in the defense industry, and with an impressive 2014E 24% FCF yield ex-land, a highly valued land bank and a company-transforming acquisition about to close, it's attractive at current levels.
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