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UPDATE: Stifel Nicolaus Initiates Engility Holdings at Hold on Sluggish Expected Growth

US Stock Futures Tumble Ahead Of Earnings
Engility Awarded Prime Position on $7.2B INSCOM GISS Contract

Stifel Nicolaus initiated coverage on Engility Holdings (NYSE: EGL) with a Hold rating.

Stifel Nicolaus noted, "We are initiating coverage of Engility Holdings, Inc. (EGL) with a Hold rating because of our expectation of sluggish growth over the next couple of years, mainly due to the company's relatively high exposure to overseas U.S. operations (13% of total revenue in 2012 - although shrinking as U.S. activities overseas wind down) and increasing industry headwinds, such as budget reductions, award delays, and pricing pressure."

Engility Holdings closed at $18.23 on Friday.

Latest Ratings for EGL

Aug 2014Maxim GroupInitiates Coverage onBuy
Jun 2014Noble FinancialInitiates Coverage onBuy
Mar 2014CRT CapitalMaintainsBuy

View More Analyst Ratings for EGL
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Initiation Intraday Update Analyst Ratings


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