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In a report published Tuesday, Jefferies analyst Howard A. Rubel reiterated a Buy rating on B/E Aerospace
BEAV, and raised the price target from $58.00 to $70.00.
In the report, Rubel noted, “As a result of Q1 performance, we are revising somewhat our FY13 and FY14 EPS estimates to $3.50 and $4.00 from $3.45 and $3.90. We maintain our BUY rating based on: 1) solid organic growth; 2) ongoing ability to improve margins; and 3) acquisitions as potential catalysts.”
B/E Aerospace closed on Monday at $58.88.
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