EnPro initiated with a Buy at SunTrust. As reported earlier, SunTrust analyst Charles Brady initiated EnPro with a Buy rating and a price target of $92, saying the company is "cleared for growth" following the resolution of its legacy asbestos issue. Brady expects EnPro to start generating improved free cash flows and use its capital toward more efficient use going forward. The analyst also notes that this is an attractive entry point for investors as EnPro shares have pulled back over 20% year-to-date along with many other industrials on concerns around trade friction and higher input costs.
