J.P. Morgan Maintains Overweight on Rockwell Collins (COL)

J.P. Morgan is out with its report today on Rockwell Collins COL, maintaining Overweight. In a note to clients, J.P. Morgan writes, "We rate COL Overweight. The stock is trading at 12.7x CY12E EPS, in line with our universe. We are maintaining our Dec 11 price target of $83, which is ~17x our CY12 estimate of $4.95. The stock has traded in the mid to high teens in the past, and we believe it can return to this level if there are signs that the earnings recovery we expect is taking hold." Shares of COL closed Thursday at $62.93, down 1.33% from Wednesday's close.