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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.