KeyBanc Starts Astronics (ATRO) at Hold; Fairly Valued

October 19, 2012 8:11 AM EDT Send to a Friend
Get Alerts ATRO Hot Sheet
Price: $49.22 +3.36%

Rating Summary:
    6 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 18 | New: 41
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KeyBanc initiates coverage on Astronics (NASDAQ: ATRO) with a Hold.

The analyst comments, "While ATRO has a solid business model with leading market share and is in a position to benefit from commercial OE production rate increases and increasing shipset content, we believe the Company is fairly valued at its current levels even when assigning a premium multiple to shares."

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

Shares of Astronics closed at $28.81 yesterday.


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