Jefferies Downgrades Kaman Corporation (KAMN) to Hold
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Price: $45.99 --0%
Rating Summary:
2 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
2 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Jefferies assumes coverage and downgraded Kaman Corporation (NASDAQ: KAMN) from Buy to Hold with a price target of $36 (down from $41).
The firm said, "We believe KAMN will generate earnings growth in 2011, albeit all from 1H, and 2012. But we also believe KAMN should trade at discounts to peers, and we consider the stock fairly valued."
The firm lowered FY11 EPS estimates from $1.98 to $1.91 and FY12 from $2.42 to $2.37.
For more ratings news on Kaman Corporation click here and for the rating history of Kaman Corporation click here.
Shares of Kaman Corporation closed at $34.15 yesterday.
The firm said, "We believe KAMN will generate earnings growth in 2011, albeit all from 1H, and 2012. But we also believe KAMN should trade at discounts to peers, and we consider the stock fairly valued."
The firm lowered FY11 EPS estimates from $1.98 to $1.91 and FY12 from $2.42 to $2.37.
For more ratings news on Kaman Corporation click here and for the rating history of Kaman Corporation click here.
Shares of Kaman Corporation closed at $34.15 yesterday.
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