Wedbush Starts Ducommun Incorporated (DCO) at Outperform; Improving Commercial Fundamentals
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Price: $206.98 +3.99%
Rating Summary:
9 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
9 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wedbush initiates coverage on Ducommun Incorporated (NYSE: DCO) with an Outperform. PT $24.00.
Wedbush analyst says, "Ducommun is a legacy aerospace structures firm that has transformed itself with the recent acquisition of LaBarge. The new DCO now has more diversified revenues (49% defense, 25% commercial aerospace, 10% industrial, 11% natural resources, and 5% medical), with much of the new business focused on the EMS segment. However, DCO remains a “show me” stock that must show it can execute on the transaction integration, particularly on the cost side...We believe the acquisition will add approximately $0.06 to 2012 EPS, but this number goes up substantially in fiscal 2013 to an estimated incremental $0.30."
For more ratings news on Ducommun Incorporated click here and for the rating history of Ducommun Incorporated click here.
Shares of Ducommun Incorporated closed at $15.71 yesterday.
Wedbush analyst says, "Ducommun is a legacy aerospace structures firm that has transformed itself with the recent acquisition of LaBarge. The new DCO now has more diversified revenues (49% defense, 25% commercial aerospace, 10% industrial, 11% natural resources, and 5% medical), with much of the new business focused on the EMS segment. However, DCO remains a “show me” stock that must show it can execute on the transaction integration, particularly on the cost side...We believe the acquisition will add approximately $0.06 to 2012 EPS, but this number goes up substantially in fiscal 2013 to an estimated incremental $0.30."
For more ratings news on Ducommun Incorporated click here and for the rating history of Ducommun Incorporated click here.
Shares of Ducommun Incorporated closed at $15.71 yesterday.
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