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CK Cooper maintained Ducommun
DCO with an Outperform rating and raised the price target from $18.00 to $20.00.
CK Cooper said, "Taking into consideration DCO's strong operational performance, solid backlog and the robust growth opportunities in commercial aerospace markets, we are reiterating our BUY rating and increasing the price target from $17.50 to $21.00. However, we are remaining conservative in our revenue growth estimates but we haven't taken into consideration any impact of sequestration on revenues and EPS for FY13 and beyond as there is still an uncertainty/ no information available on platforms being cut and the dollar amount impact of the cuts."
Ducommun closed at $14.60 on Monday.
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