Wednesday, June 20, 2007

Jeffco defending Brush (NYSE:BW)

Jefferies chimes in on Brush Engineered Materials (NYSE:BW) noting the company has realized quarterly fluctuations previously vs. consensus, and the firm would continue to focus on the full year andlonger term potential of earnings and cash flow. With much of these issues being short term and potentially not recurring in nature, they are not changing their 2008 estimate and thus maintaining their $60 price objective as well. Firm reiterates Buy, and would use any weakness today to build positions in the shares of BW.

Notablecalls: I'm going to call this one actionable here @ $42.

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