Jefferies Maintains a 'Buy' on Orbital Sciences (ORB); Progress in a Challenging Market
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Price: $17.85 -1.33%
Rating Summary:
4 Buy, 0 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
4 Buy, 0 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade ORB Now!
Jefferies maintains a 'Buy' on Orbital Sciences (NYSE: ORB) price target of $19.00 (from $22.00).
Analyst, Howard A. Rubel, said, "Orbital's results showed progress in a challenging market. We believe innovation and performance will help Orbital navigate through the difficult spending environment. While there could be some casualties from austerity such as NASA's GEM program, there are a great number of opportunities across the business." (FY12 EPS estimate lowered from $1.05 to $1.00 and FY13 from $1.25 to $1.15)
For an analyst ratings summary and ratings history on Orbital Sciences click here. For more ratings news on Orbital Sciences click here.
Shares of Orbital Sciences closed at $13.19 yesterday, with a 52 week range of $10.59-$18.48.
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Analyst, Howard A. Rubel, said, "Orbital's results showed progress in a challenging market. We believe innovation and performance will help Orbital navigate through the difficult spending environment. While there could be some casualties from austerity such as NASA's GEM program, there are a great number of opportunities across the business." (FY12 EPS estimate lowered from $1.05 to $1.00 and FY13 from $1.25 to $1.15)
For an analyst ratings summary and ratings history on Orbital Sciences click here. For more ratings news on Orbital Sciences click here.
Shares of Orbital Sciences closed at $13.19 yesterday, with a 52 week range of $10.59-$18.48.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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