UPDATE: Topeka Capital Markets Initiates Coverage on Ducommun With Buy Rating, $22 PT on Attractive Entry Point
In a report published Tuesday, Topeka Capital Markets analyst Michael Callahan initiated coverage on Ducommun (NYSE: DCO) with a Buy rating and $22.00 price target.
In the report, Topeka Capital Markets noted, “We are initiating coverage of DCO with a Buy rating and $22 price target. With shares down over 30% following a disappointing 1Q report, we believe this is an attractive entry point as the Company is in the early innings of improving fundamentals as it digests the LaBarge acquisition.”
Ducommun closed on Monday at $18.41.
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