UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Alliant Techsystems
In a report published Friday, Jefferies & Company reiterated its Hold rating on Alliant Techsystems (NYSE: ATK), and raised its price target from $56.00 to $60.00.
Jefferies noted, “ATK's second quarter results showed promise, with Lake City volumes and Security & Sporting margins driving EPS of $2.00 vs. our estimate of $1.56. Although the trends are encouraging, we expect continued headwinds from declining demand for military ammunition and pressure on NASA volumes to keep shares range bound. We rate ATK shares a HOLD.”
Alliant Techsystems closed on Thursday at $58.79.
Latest Ratings for ATK
|Jan 2015||JP Morgan||Maintains||Overweight|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.