UPDATE: Deutsche Bank Reiterates Hold Rating, Raises PT on Rockwell Collins Following Updated Expectations

In a report published Tuesday, Deutsche Bank analyst Greg Poole reiterated a Hold rating on

, and raised the price target from $59.00 to $63.00. In the report, Deutsche Bank noted, “Incorporating lower Commercial sales and lower amort into forecast. Late last week, management updated their expectation for commercial aerospace sales to be up 5% for the year following the cut in the most recent quarter to 6% from 7%. The latest move is driven by updated production schedules from Cessna. We've also incorporated the lower preproduction amortization forecast in the most recent 10Q, which helps our FY14-16 estimates modestly. Reiterate Hold given limited upside to our price target.” Rockwell Collins closed on Monday at $65.12.