In a report published Tuesday, Deutsche Bank analyst Greg Poole reiterated a Hold rating on Rockwell Collins COL, and raised the price target from $59.00 to $63.00.
In the report, Deutsche Bank noted, “Incorporating lower Commercial sales and lower amort into forecast. Late last week, management updated their expectation for commercial aerospace sales to be up 5% for the year following the cut in the most recent quarter to 6% from 7%. The latest move is driven by updated production schedules from Cessna. We've also incorporated the lower preproduction amortization forecast in the most recent 10Q, which helps our FY14-16 estimates modestly. Reiterate Hold given limited upside to our price target.”
Rockwell Collins closed on Monday at $65.12.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in