EnPro price target raised to $220 from $180 at KeyBanc

KeyBanc raised the firm’s price target on EnPro (NPO) to $220 from $180 and keeps an Overweight rating on the shares after meeting with management. While the recovery in semiconductor remains elusive, the firm sees room for growth acceleration for both segments into 2025, as well as capital allocation optionality. As such, KeyBanc continues to see a long path for value creation and outperformance from EnPro.