KeyBanc Reiterates a 'Buy' on BE Aerospace (BEAV); Analyst Day Reinforces SFE Revenue Growth

KeyBanc reiterates a 'Buy' on BE Aerospace (NASDAQ: BEAV) price target raised from $48 to $52.

KeyBanc analyst said, "We have modestly lifted our revenue and EPS estimates (FY13 from $3.43 to $3.51) to reflect and account for increases in supplier furnished equipment (SFE) revenues and improved business jet segment margins stemming from an increase in super first class cabin activity. Management maintained its full-year 2012 EPS outlook of $2.75 despite its recent $500 million bond issuance, implying that roughly $0.13 of operational or other accretive upside will unfold in 2012."

"Overall, we continue to believe that BEAV will be poised to benefit from all aspects of the commercial aerospace cycle, making it one of the more unique plays in the sector...Consequently we believe BEAV shares will make for an attractive long-term holding."

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 $46.81 yesterday.

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