Imperial Capital Maintains In-Line Rating on Tyco International (TYC)

Imperial Capital maintained an In-Line rating on security products company, Tyco International (NYSE: TYC), and lowered its price target to $29.00 (from $30.00).

Tyco International reporter earnings on November 14th, and since then the stock has ticked higher.

Analyst Michael Kim said his price cut was based on "slightly flatter outlook".

"Management expects NA I&S revenue to decline 2-3% organically in FY13 due to greater project selectivity for commercial security, which we believe will continue to drive margin expansion," said Kim.

He expects strong momentum in global products.

For an analyst ratings summary and ratings history on Tyco International click here. For more ratings news on Tyco International click here.

Shares of Tyco International closed at $27.14 yesterday.

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