NEW YORK (
-- Brush Engineered Materials
) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
Brush Engineered Materials Inc. engages in the manufacture and sale of engineered materials for the telecommunications and computer, data storage, aerospace and defense, automotive electronics, industrial components, and appliance and medical markets in the United States and internationally. The company has a P/E ratio of 28, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 22.6. Brush Engineered has a market cap of $838.6 million and is part of the
industry. Shares are up 8.8% year to date as of the close of trading on Friday.
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