UPDATE: Jefferies Raises PT on Esterline Technologies Following GAAP EPS Report
In a report published Friday, Jefferies analyst Howard A. Rubel reiterated a Buy rating on Esterline Technologies Corporation (NYSE: ESL), and raised the price target from $84.00 to $92.00.
In the report, Jefferies noted, “GAAP EPS from Continuing Operations of $1.23 were below our estimate of $1.55, but the company incurred a goodwill impairment charge of $0.11 and an Export Control-related reserve of $0.31. Ex-Items, EPS was $1.65. The underlining business appears to be in good condition.”
Esterline Technologies Corporation closed on Thursday at $80.19.
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