Wedbush Raises PT On GR To $119

Wedbush has issued a report raising the Price Target on Goodrich (NYSE: GR) from $102 to $119 a share.

According to the report, "The company raised its full-year 2011 commercial aftermarket guidance to now up 13%, roughly consistent with what we had been expecting. However, we continue to believe there is further upside to the company's now up 13% guidance, as it assumes essentially flat growth in sales for the business."

GR has an Outperform Rating and closed yesterday at $98.99 a share.