UPDATE: Stifel Nicolaus Raises PT on Precision Castparts Following Model Update, F2015 Forecast

In a report published Monday, Stifel Nicolaus analyst Stephen Levenson reiterated a Buy rating on Precision Castparts (NYSE: PCP ), and raised the price target from $235.00 to $260.00. In the report, Stifel Nicolaus noted, “In an effort to provide a clearer picture of our forecasts for Precision Castparts, we are