Deutsche Bank Downgrades BE Aerospace (BEAV) to Hold

November 10, 2016 6:44 AM EST
Get Alerts BEAV Hot Sheet
Price: $61.36 --0%

Rating Summary:
    9 Buy, 13 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 7 | Down: 8 | New: 1
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Deutsche Bank downgraded BE Aerospace (NASDAQ: BEAV) from Buy to Hold with a price target of $62.

Analyst Myles Walton said, "We're 2+ weeks removed from the announcement that Rockwell Collins would purchase B/E Aerospace for $62/sh ($8.3B including $1.9B of debt) and we continue to see the likelihood that this deal closes next spring. The stock remains ~5% below the deal price and with higher potential upside from select peers we are lowering our rating to a Hold."

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 $59.39 yesterday.

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