CK Cooper & Company initiated coverage on Ducommun DCO with a Buy rating and a price target of $17.50 a share.
CK Cooper & Company commented, "With the acquisition of LaBarge Technologies, an EMS service provider, the Company now has an opportunity to offer both the structural and electromechanical parts and subassemblies in the form of a combined package, which it previously was unable to do. The Company is sourced in several platforms/aircrafts both on the commercial and military side. We believe the diverse product offerings gives DCO a competitive edge in the industry as the Company can offer better pricing quotations on potential contracts/new bids. The acquisition of LaBarge has also helped the Company diversify its sources of revenue across other industries."
Ducommun closed at $14.42 on Monday.
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