UPDATE: Oppenheimer Initiates Coverage on GenCorp at Outperform on Impressive FCF Yield
March 21, 2013 at 08:37 AM EDT
Oppenheimer analyst Ian Zaffino initiated GenCorp (NYSE: GY ) with an Outperform rating and a $20 price target this morning. In the report, Zaffino defended the rating saying, "With an impressive 2014E 24% FCF yield ex-land, a highly valued land bank and a company-transforming acquisition about to close, we believe
