BofA lifts BWXT's PT on strong growth potential; shares rise

Shares of nuclear components maker BWX Technologies BWXT.N rise nearly 2% at $208.8 premarket

BofA Global Research raises price objective on BWXT to $250 from $230; reiterates "buy" rating

New PT represents a 22.1% upside to stock's last close

BofA says BWXT is well-positioned across naval, defense, and commercial nuclear sectors that continue to experience strong tailwinds

Brokerage says co's execution on large government backlog plus new award opportunities in commercial nuclear drive visibility on BWXT’s growth trajectory

Median PT of 14 brokerages covering the stock is $227 - data compiled by LSEG

As of last close, BWXT up 18.5% YTD