J.P. Morgan Reports Solid 1Q Earnings for Goodrich (GR)

J.P. Morgan released a report discussing 1Q Earnings for Goodrich

and the implications for future growth. Goodrich posted a solid performance record showing continued growth in the first quarter. Despite earlier cautionary reports due to higher oil prices, aftermarket sales seem to be driving the growth with an increase of 12% for the year. J.P. Morgan explains that higher oil prices shouldn't pose an issue “unless they derail the global economic recovery.” Goodrich has a price target of $106 and an Overweight rating. Goodrich currently trades at $88.03.