Jefferies Maintains a 'Buy' on Goodrich (GR); Q2:11 Earnings: Up, Up and Away

Jefferies maintains a 'Buy' on Goodrich (NYSE: GR) raises price target from $108 to $119.

Jefferies analyst says, "In Q2, GR continued its stretch of good operating performance (OP +12.2%) on growing organic revenues (+12%). Total sales surpassed $2BB for the quarter. Ex-acquisition and plant closure costs, incremental operating margins were over 21%, but were masked by some one-time items in Electronics. On a runrate basis, we expect incremental margins in the 25-30% range...We are raising our 2011 and 2012 EPS estimates to $6.00 and $7.00, respectively, from $5.65 and $6.15. Our 2013 estimate is $7.80."

For more ratings news on Goodrich click here and for the rating history of Goodrich click here.

Shares of Goodrich closed at $98.99 yesterday.

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