Market Overview

UPDATE: JP Morgan Initiates B/E Aerospace at Overweight on Growth Outlook

Share:
Related BEAV
15 Stocks Which Rallied Four Days, Then Sold Off Yesterday
The Most Popular Stocks This 13F Season

JP Morgan initiated coverage on B/E Aerospace (NASDAQ: BEAV) with an Overweight rating and a $57 price target.

JP Morgan said, "We expect double-digit organic sales growth through 2014 with margin expansion that should drive annual EPS growth of >20%. Our 2014 EPS estimate of $4.40 is 35 cents above consensus, driven largely by sales. We believe the stock could experience modest multiple expansion if the improved execution we've seen in recent years continues."

B/E Aerospace closed at $47.80 on Wednesday.

Latest Ratings for BEAV

DateFirmActionFromTo
May 2016JP MorganDowngradesOverweightNeutral
Feb 2016JefferiesMaintainsHold
Dec 2015Deutsche BankMaintainsBuy

View More Analyst Ratings for BEAV
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (BEAV)

View Comments and Join the Discussion!