BABCOCK&WILCOX (BWC) Upgraded by Zacks to OUTPERFORM

Zacks Zacks Investment Research upgraded shares of BABCOCK&WILCOX (BWC) from NEUTRAL to OUTPERFORM on March 12, 2013, with a target price of $29.80.

The Babcock & Wilcox Company delivers advanced engineering, manufacturing and construction solutions to meet global energy demands. It focuses on nuclear, fossil and renewable power markets as well as a premier advanced technology and mission critical defense contractor. The Company operates in two business segments: Power Generation Systems and Government Operations. Through its Power Generation Systems segment, it designs, engineers, manufactures, supplies, constructs and maintains power generation systems and environmental control systems, primarily for large utility and industrial customers, and it provides related aftermarket parts and services. Through its Government Operations segment, it manufactures nuclear components and provides various services to the U.S. Government, including uranium processing, environmental site restoration services, and management and operating services for various U.S. Government-owned facilities. The Company is based in Charlotte, North Carolina.

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