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Topeka Capital Markets Reiterates Hold Rating, $35 PT on Kaman Corporation

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In a report published Friday, Topeka Capital Markets reiterated its Hold rating and $35.00 price target on Kaman Corporation (NYSE: KAMN).

Topeka Capital Markets noted, “Following a review of our 2013 outlook, we are tweaking our estimates modestly lower to reflect the recent announcement of the sale of Canadian distribution assets to Wajax Industrial Components. Our revised 2013 estimate of $2.39 is at the Street low, and we believe expectations will continue to decline as defense trends decelerate, and subdued global growth limits organic distribution growth rates. We reiterate our Hold rating and $35 price target.”

Kaman Corporation closed on Thursday at $37.42.

Latest Ratings for KAMN

DateFirmActionFromTo
Mar 2014Drexel HamiltonUpgradesHoldBuy
Jan 2013KeyBancDowngradesBuyHold
Nov 2012Jefferies & CompanyMaintainsHold

View More Analyst Ratings for KAMN
View the Latest Analyst Ratings

Posted-In: Topeka Capital MarketsAnalyst Color Reiteration Analyst Ratings

 

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