UPDATE: Early Bird Capital Raises PT to $17 on CPI Aerostructures

Early Bird Capital raises its price target $2 to $17 on CPI Aerostructures

as it revises estimates following the company's reiterated guidance Early Bird Capital notes, "Management reiterated guidance for 2012 for net income in the range of $12 – 13 million on revenue in the range of $95 - $98 million. We now forecast EPS of $1.66 ($1.38 prior) on net income of $12.0 million ($9.9 million prior) and revenue of $95.6 million ($94.6 million prior). For 2013E we now forecast EPS of $1.90 ($1.49 prior) on revenue of $103.3 million ($102.2 million)." CVU closed at $14.55 a share on Tuesday.