Babcock & Wilcox (NYSE:BWC): Incremental Improvements in 2011

Babcock & Wilcox (NYSE:BWC) had their "Equalweight" rating maintained on them by Barclays (NYSE:BCS), citing potential incremental growth in 2011.

Barclays said, "After meetings with Babcock & Wilcox management, we continue to believe that BWC's power end markets are in the process of slowly improving and that its government businesses (both Nuclear and Management & Operations) will remain solid with a couple of significant medium to longer term catalysts (USEC's American Centrifuge Project as well as mPower). While we currently still prefer more energy-exposed E&C peers, we think investors could get incrementally more positive on BWC's story in 2011 as they begin to focus on a potential 2H11 increase in BWC's power and government bookings/earnings opportunities."

Babcock & Wilcox closed Friday at $24.82, up by $0.17, or 0.69 percent. Barclays has a price target of $27 on them.