Goldman Sachs Says BE Aerospace (BEAV) the Best in Aerospace; Reiterates Top Rating

February 26, 2013 9:50 AM EST Send to a Friend
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Price: $77.31 +1.07%

Rating Summary:
    13 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 14 | New: 51
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Goldman Sachs reiterated its Conviction Buy List rating and raised its price target and estimates on BE Aerospace (NASDAQ: BEAV) calling it the best story in Aerospace after the recent investor day.

The firm cited company-specific drivers and the potential to generate very significant upside to earnings expectations.

The firm bumped its price target from $67 to $68 and raised 2013/2014/2015E to $3.46/$4.46/$5.37 from $3.42/$4.39/$5.26 to reflect higher Business Jet segment operating margins.

Some takeaways from the investor day, according to the analyst, were: Consumables tour impressive; More upside to all segment margins than we thought; Near-term accretive acquisition(s) likely; SFE retrofit orders could pick up soon.

For an analyst ratings summary and ratings history on BE Aerospace click here. For more ratings news on BE Aerospace click here.

Shares of BE Aerospace closed at $51.77 yesterday.


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Analyst Comments, Analyst EPS Change, Analyst PT Change

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Goldman Sachs Conviction Buy List, Goldman Sachs, Earnings

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