Market Overview

UPDATE: Imperial Capital Reiterates Outperform Rating, Raises PT on Esterline Technologies Corporation

Related ESL
Boeing And Other Top Picks In Aerospace And Defense From Drexel Hamilton
Drexel Now Sees Esterline Technologies As A Margin Recovery Story, Upgrades To Buy

In a report published Monday, Imperial Capital reiterated its Outperform rating on Esterline Technologies Corporation (NYSE: ESL), and raised its price target from $71.00 to $73.00.

Imperial Capital noted, “We are maintaining our Outperform rating and raising our 12-month price target to $73 from $71 on ESL. Esterline reported better than expected 4Q12 results, and provided initial FY2013 guidance that was ahead of expectations. While 1Q13 results will be weaker than expected, and there is still volatility risk to the earnings, we increasingly believe the company will see better than expected results, and, in our view, there is upside opportunity from a conservative defense outlook.”

Esterline Technologies Corporation closed on Friday at $62.88.

Latest Ratings for ESL

Aug 2016Drexel HamiltonUpgradesHoldBuy
May 2016Goldman SachsMaintainsNeutral
Feb 2016Wells FargoDowngradesOutperformMarket Perform

View More Analyst Ratings for ESL
View the Latest Analyst Ratings

Posted-In: imperial capitalAnalyst Color Price Target Analyst Ratings


Related Articles (ESL)

View Comments and Join the Discussion!