Market Overview

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

Related BEAV
Mid-Afternoon Market Update: Dow Jumps Over 200 Points; Volcano Shares Climb On Acquisition News
Mid-Day Market Update: Auspex Pharmaceuticals Jumps Following Positive SD-809 Trial Results; Cliffs Natural Resources Shares Slip

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
Dec 2014JP MorganMaintainsOverweight
Dec 2014CitigroupMaintainsBuy
Dec 2014Deutsche 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)

Around the Web, We're Loving...

Get Benzinga's Newsletters