UPDATE: Topeka Raises PT on Astronics Corporation on Higher Per Unit Content

Topeka analyst Michael Callahan published a report on Astronics Corporation

that reiterated a Buy rating and raised the price target from $30 to $35. Topeka reported that, “We are increasing our price target to $35 (from $30), following our recent meeting with Astronics management. Our revised price target represents a target multiple of 16x our 2014 estimate, which remains at the low end of ATRO's historical trading bandwidth.” Shares of Astronics Corporation closed at $29.35 on Wednesday.