UPDATE: Auriga Lowers Price Target on Esterline Technologies to $75
According to Auriga, Esterline Technologies (NYSE: ESL) price target is lowered to $75.
Auriga said that it is reducing its adjusted FY12 / FY13 estimates to $5.35 / $6.25 from its previous estimates of $5.75 / $6.40. “Given our price target still represents more than 40% upside, we reiterate our BUY rating.”
Esterline Technologies closed yesterday at $52.79.
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