Credit Suisse Reiterates Outperform on Esterline Technologies Ahead of Margin Improvement
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
|Jun 2015||Canaccord Genuity||Maintains||Buy|
|Apr 2015||Goldman Sachs||Downgrades||Buy||Neutral|
|Mar 2015||Credit Suisse||Downgrades||Outperform||Neutral|
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