Deutsche Bank Initiates Coverage on LMI Aerospace (LMIA) with a Buy; Expect Company to Move up Value Chain

August 13, 2010 7:32 AM EDT
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Price: $8.95 -0.67%

Rating Summary:
    1 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Deutsche Bank initiates coverage on LMI Aerospace (Nasdaq: LMIA) with a Buy rating. PT $22.

Deutsche analyst says, "With about 70% of sales to commercial aerospace, we see LMI as one of the best-positioned “below the radar” names to benefit from an increase in OEM sales we expect to start next year."

To see all the upgrades/downgrades on shares of LMIA, visit our Analyst Ratings page.

LMI Aerospace, Inc. (LMI Aerospace) is a provider of design engineering services, structural assemblies, kits and components to the aerospace, defense and technology markets.

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