Street Estimates Appear too High on B/E Aerospace (BEAV) says Cowen; Reiterates Outperform

Cowen maintains an Outperform rating and $67.00 price target on BE Aerospace (NASDAQ: BEAV) as Street C16 estimates appear too high. Analyst Gautam Khanna believes that management may "talk down" estimates until October guide, which may prevent stock from sustaining or moving higher.

Khanna commented, "Street C16 sales/EPS estimates appear 3% too high, but BEAV is unlikely to quantify C16E guidance until the October print. Thus, mgmt is apt to "talk down" Street estimates until the official Oct. guide or until Street estimates reset appropriately. This may prevent the stock from sustaining a move higher for the next few months."

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

Shares of BE Aerospace closed at $54.89 yesterday.

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