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UPDATE: Deutsche Bank Reiterates Hold Rating, Lowers PT on Rockwell Collins

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In a report published Monday, Deutsche Bank reiterated its Hold rating on Rockwell Collins (NYSE: COL), but slightly lowered its price target from $56.00 to $55.00.

Deutsche Bank noted, “We're trimming our 1QFY13 estimate from $0.94 to $0.85 and our FY13 full year EPS from $4.45 to $4.34. We've also trimmed our FY14 and FY15 estimate to $4.66 and $5.07 from previous $4.93 and $5.42 (consensus $4.91 and $5.33, respectively). The 1Q move is motivated by recent management commentary while the FY13 trim was based on higher pension costs disclosed in the Q and the FY14/15 and beyond trims were driven by higher development cost amortization, which lowered implied incremental margins. Maintain Hold, TP: $55.”

Rockwell Collins closed on Friday at $57.18.

Latest Ratings for COL

DateFirmActionFromTo
Jan 2017SunTrust Robinson HumphreyInitiates Coverage OnHold
Jan 2017RBC CapitalInitiates Coverage OnSector Perform
Dec 2016Deutsche BankMaintainsBuy

View More Analyst Ratings for COL
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

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