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Credit Suisse Reiterates Outperform on Esterline Technologies Ahead of Margin Improvement

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Drexel Now Sees Esterline Technologies As A Margin Recovery Story, Upgrades To Buy

In a report published Friday, Credit Suisse analyst Julie Yates Stewart reiterated an Outperform rating and $93.00 price target on Esterline Technologies Corporation (NYSE: ESL).

In the report, Credit Suisse noted, “Our FY'13E rises to $5.38 (from $5.31), but our above-consensus out year forecasts are unchanged. We continue to view the upcoming analyst day in Boston on Sept. 19th as a catalyst for shares and we think management will more articulate a more detailed path to its 15% EBIT margin target. We reiterate our Outperform rating and $93 target price.”

Esterline Technologies Corporation closed on Thursday at $80.19.

Latest Ratings for ESL

DateFirmActionFromTo
Aug 2016Drexel HamiltonUpgradesHoldBuy
May 2016Goldman SachsMaintainsNeutral
Feb 2016Canaccord GenuityDowngradesBuyHold

View More Analyst Ratings for ESL
View the Latest Analyst Ratings

Posted-In: Credit Suisse Julie Yates StewartAnalyst Color Reiteration Analyst Ratings

 

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