Analyst Insights: URS, Oasis Petroleum, Dow Chemical, Owens, CPI Aerostructures May 17th
Owens Corning (NYSE:OC): After meeting with Owens Corning’s management, RBC Capital expects the company’s FY12 EBITDA to exceed expectations. The firm believes that the company’s long-term outlook is very promising and it maintains a $40 target and Outperform rating.
URS Corporation (NYSE:URS): After speaking with URS’ management, Sterne Agee believes that the company’s end market is strong. The firm thinks that the company is well-positioned for organic growth, especially in 2013.
Oasis Petroleum Inc. (NYSE:OAS): After comparing Oasis’ valuation to that of Brigham Exploration, a Willston Basin operator acquired last Fall, Sterne Agee believes that Oasis is undervalued based on the deal metrics. The firm thinks that investors’ concerns over the EnCap block sale are overblown, and it maintains a Buy rating.
The Dow Chemical Company (NYSE:DOW): Susquehanna lowered its estimates and price targets on several commodity chemical makers as they believe the companies are likely to continue to under perform due to larger than expected price declines and margins. The firm lowered its price target on Positive rated Dow Chemical (NYSE:DOW) to $37 from $40, Positive rated LyondellBasell (NYSE:LYB) to $49 from $57, and Neutral rated Westlake Chemical (NYSE:WLK)to $54 from $58.
CPI Aerostructures, Inc. (AMEX:CVU): CPI Aerostructures (AMEX:CVU) was awarded a $1M contract by Northrop Grumman (NYSE:NOC) to manufacture pod structural housings for the Airborne Laser Mine Detection System to the Japan Maritime Self-Defense Force. CPI Aero will commence work immediately on this new contract and make deliveries to NGAS from mid-2013 through early 2014.
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