UBS on U.S. Aerospace and Defense: Week #1 Wrap - Raising Estimates
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Price: $64.47 --0%
Rating Summary:
5 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
5 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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UBS on U.S. Aerospace and Defense: Week #1 Wrap - Raising Estimates
UBS analyst says, "Aerospace has mostly traded higher through the first week of earnings on better-than-expected results for the aftermarket and business jets. Earnings week one saw solid aftermarket results across the board with most still reporting 15-20% YOY growth including mid single-digit sequential growth."
"We have raised our EPS estimates for BE Aerospace (Nasdaq: BEAV) / Goodrich (NYSE: GR) / United Technologies (NYSE: UTX) to incorporate Q3 upside and more favorable outlook for organic revenue growth, while our price targets for BEAV/GR also move higher. For Textron (NYSE: TXT), our 2011 EPS estimate moves $0.04 higher to incorporate Q2 beat, which came mostly at Bell. For Rockwell Collins (NYSE: COL), our EPS estimates move modestly lower to reflect Q3 miss and reduced top line expectation at GS."
UBS analyst says, "Aerospace has mostly traded higher through the first week of earnings on better-than-expected results for the aftermarket and business jets. Earnings week one saw solid aftermarket results across the board with most still reporting 15-20% YOY growth including mid single-digit sequential growth."
"We have raised our EPS estimates for BE Aerospace (Nasdaq: BEAV) / Goodrich (NYSE: GR) / United Technologies (NYSE: UTX) to incorporate Q3 upside and more favorable outlook for organic revenue growth, while our price targets for BEAV/GR also move higher. For Textron (NYSE: TXT), our 2011 EPS estimate moves $0.04 higher to incorporate Q2 beat, which came mostly at Bell. For Rockwell Collins (NYSE: COL), our EPS estimates move modestly lower to reflect Q3 miss and reduced top line expectation at GS."
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