Market Overview

Credit Suisse Reiterates Outperform on Esterline Technologies Ahead of Margin Improvement

Share:
Related ESL
Esterline Selected to Supply Flight Deck Panels for Boeing 777X
Morning Market Losers

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
Jun 2015Canaccord GenuityMaintainsBuy
Apr 2015Goldman SachsDowngradesBuyNeutral
Mar 2015Credit SuisseDowngradesOutperformNeutral

View More Analyst Ratings for ESL
View the Latest Analyst Ratings

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

 

Related Articles (ESL)

Around the Web, We're Loving...

Get Benzinga's Newsletters