UPDATE: Jefferies Reiterates Hold Rating, Raises PT on Precision Castparts Corp.

In a report published Friday, Jefferies reiterated its Hold rating on Precision Castparts Corp. (NYSE: PCP ), and raised its price target from $170.00 to $190.00. Jefferies noted, “PCP reported FQ3:13 EPS of $2.32 vs. our estimate of $2.46. The results include about $0.08 per share from higher corporate costs,