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UPDATE: Citigroup Reiterates Neutral Rating, Raises PT on Rockwell Collins

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Earnings Scheduled For April 23, 2015
Why KeyBanc Is Boosting Its Rockwell Collins Target To $105

In a report published Wednesday, Citigroup reiterated its Neutral rating on Rockwell Collins (NYSE: COL), and slightly raised its price target from $60.00 to $61.00.

Citigroup noted, “COL is positioned to gain market share on new air transport platforms and new bizjets while also benefitting from upside in narrowbody production rate increases. However, COL faces a weak SMID-cabin bizjet market with new competitive pressures in avionics. On the defense side, its relatively high-margin portfolio comprised of electronic components is seeing near-term weakness due to smaller ground forces. Over the long-run, we are more constructive on COL's exposure to airborne electronics and avionics which it offers on a more commercial basis (more attractive to customer). However, in our view these puts/takes are reflected at current levels.”

Rockwell Collins closed on Tuesday at $59.21.

Latest Ratings for COL

DateFirmActionFromTo
Apr 2015CitigroupMaintainsNeutral
Apr 2015CitigroupMaintainsNeutral
Mar 2015KeyBancMaintainsOverweight

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View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Price Target Analyst Ratings

 

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