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UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on Kaman Corporation

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In a report published Friday, Jefferies & Company reiterated its Hold rating on Kaman Corporation (NYSE: KAMN), but slightly lowered its price target from $39.00 to $38.00.

Jefferies noted, “3Q12 adjusted EPS increased 20% and exceeded our expectations but missed the Street's. End-market trends are weaker and we have lowered our forecasts. We are encouraged by KAMN's continuing development of new avenues for sales growth, but these need more time to take. We consider the stock fairly valued.”

Kaman Corporation closed on Thursday at $34.22.

Latest Ratings for KAMN

DateFirmActionFromTo
Jul 2017Northcoast ResearchInitiates Coverage OnBuy
Mar 2017Longbow ResearchDowngradesBuyNeutral
Jan 2017KeyBancUpgradesSector WeightOverweight

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