UPDATE: JP Morgan Lowers PT to $39.50 on ESCO Technologies

A report from J.P. Morgan reiterates its Neutral rating and lowers the price target from $44 to $39.50 on ESCO Technologies ESE. In the report, JP Morgan writes, “We maintain our Neutral rating owing to a lack of near-term catalysts and believe there could still be potential downside to our estimates if the economy deteriorates further. That said, recent execution has been solid, visibility into 2013 is above average owing to the SoCal Gas contract, and the stock could outperform if the macro outlook improves”. ESE closed yesterday at $29.13.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetAnalyst RatingsJP Morgan
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!