Goldman Sachs Downgrades Rockwell Collins (COL) to Sell

Article Stock Quotes (1) Comments (0)

Goldman Sachs downgraded Rockwell Collins (NYSE: COL) from Neutral to Sell with a price target of $46.00 (from $57.00), suggesting 8% downside.

The firm expects shares to underperform commercial aerospace peers for the duration of this cycle.

"In our view, the company is structurally challenged given its significant exposure to Defense and given new disruptive competition, and we see limited to no growth as a result over the next several years," the analyst said.

The firm cut FY2012/2013/2014E to $4.30/4.50/4.75 from $4.38/4.90/5.15, reflecting slower Government organic growth and Commercial aftermarket.

For an analyst ratings summary and ratings history on Rockwell Collins click here. For more ratings news on Rockwell Collins click here.

Shares of Rockwell Collins closed at $50.18 yesterday, with a 52 week range of $43.82-$62.82.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: Exane BNP Paribas Downgrades BlackBerry (BBRY) to Underperform; Analyst Says Profit 'Drying Up'
• Deutsche Bank Downgrades Sanmina-SCI Corp. (SANM) to Sell, Sees 19% Downside
• Societe Generale Downgrades EQT Corp. (EQT) to Hold

Create E-mail Alert Related Categories

Downgrades, Hot Downgrades

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?