Rockwell Collins, Inc. (COL) Coverage Initiated With A Buy Rating

Analysts Troy Lahr and Joseph DeNardi at Stifel Nicolaus have initiated coverage of Rockwell Collins, Inc. (NYSE: COL) with a Buy rating. Analysts have set a price target of $66 for the Stifel Nicolaus stock.

According to analysts, the shares of the company are attractively valued. Analysts believe that the current valuation does not apply an appropriate premium for the company. According to analysts, the company commands a higher premium due to industry leading operating margins, recovering market conditions, robust market share, healthy balance sheet, above average ROIC, and a strong management team.

Analysts estimate FY10 EPS to be of $3.60, which is based on healthier outlook for the company’s commercial business.