Credit Suisse Downgrades Esterline Tech (ESL) to Neutral

Credit Suisse downgraded Esterline Tech (NYSE: ESL) from Outperform to Neutral in assumed coverage. The firm also lowered its price target to $117.00 (from $131.00).

Analyst R. Spingarn called yesterday's Q1 report 'disappointing and messy.' The firm cut FY 2015-2016 EPS to $5.44/$6.98 from $6.75/$8.00.

For an analyst ratings summary and ratings history on Esterline Tech click here. For more ratings news on Esterline Tech click here.

Shares of Esterline Tech closed at $117.73 yesterday.

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