Market Overview

UPDATE: Deutsche Bank Cuts PT to $62 on Rockwell Collins on More Cautious Outlook

Related COL
Deutsche Bank Recommends The Boeing Company, General Dynamics Corporation And Rockwell Collins, Inc.
Benzinga's Volume Movers

Deutsche Bank reiterates its Hold rating on Rockwell Collins (NYSE: COL) and reduces its price target from $64 to $62.

Deutsche Bank notes, "13 Aerospace/Defense companies participated in our Industrial Conference last week in Chicago. Commercial aero companies, while still optimistic about future growth, were at times more cautious in light of a heightened level of macro uncertainty and global political stalemate. …Rockwell Collins (COL) lowered its FY12 commercial growth expectations on the back of lower sales to Hawker, and struck a noticeably more cautious tone (in our view) for FY13 commercial growth rates."

COL closed at $49.07 on Friday.

Latest Ratings for COL

DateFirmActionFromTo
Jul 2014JP MorganMaintainsOverweight
May 2014Buckingham ResearchMaintainsBuy
Apr 2014JP MorganMaintainsOverweight

View More Analyst Ratings for COL
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Reiteration Intraday Update Analyst Ratings

 

Related Articles (COL)

Around the Web, We're Loving...

Get Benzinga's Newsletters