FBR Capital Upgrades B/E Aerospace (BEAV) to Outperform On Valuation
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FBR Capital upgrades B/E Aerospace (Nasdaq: BEAV) from Market Perform to Outperform and reiterates their $22 price target, citing valuation.
In its upgrade the firm said, Although the macro environment remains challenging, from current levels we think that BEAV is best positioned to outperform due to an anticipated rebound in the consumables portion of the commercial aerospace aftermarket as inventory de-stocking at the airlines declines.
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