Oppenheimer Comments on Aeroflex Holding
Oppenheimer provided color on Aeroflex Holding (NYSE: ARX) in a research report published today.
In the report, Oppenheimer states, "We believe a sluggish macro environment, coupled with continued LTE handset push-outs are to blame. Positively, mgmt believes China infrastructure spending has turned a corner in 3Q. The disappointing outlook is likely to re-enforce investors' "show-me" stance regarding ARX estimates and we remain on the sidelines."
Shares of Aeroflex Holding closed today at $11.60, down 10.36% from Wednesday's market close.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.