Goldman Sachs Downgrades Rockwell Collins (COL) to Sell
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Price: $66.70 +0.36%
Rating Summary:
4 Buy, 6 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 6
Rating Summary:
4 Buy, 6 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 6
Trade COL Now!
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.
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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.
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