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UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Alliant Techsystems

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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.

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

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