UPDATE: Deutsche Bank Downgrades Precision Castparts to Hold on Limited Upside

In a report published Friday, Deutsche Bank analyst Myles Walton downgraded the rating on Precision Castparts Corp. (NYSE: PCP ) from Buy to Hold, but reiterated the $245.00 price target. In the report, Deutsche Bank noted, “EPS of $2.88 in the Q was just behind our $2.89 and the Street's