Wedbush Maintains an 'Outperform' on Ducommun (DCO); Execution Risk Already Priced In
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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 maintains an 'Outperform' on Ducommun Incorporated (NYSE: DCO) price target lowered from $21 to $19.
Analyst, Kenneth Herbert, said, "Following what in our view was a positive earnings call, we are left incrementally more positive on Ducommun’s prospects for 2012. The company stated that much of the issue with the legacy Ducommun Technologies (DLT) top-line (down ~20% Y/Y) was related to order timing rather than a fundamental deterioration, specifically on military fixed-wing (F-15 / F-18). Blackhawk sales are still going strong and even with the conclusion of the multi-year in 2012, and DAS margins will show improvement in 1Q 12."
"We are reducing our 2012 and 2013 estimates to $1.89 and $2.49, respectively."
For an analyst ratings summary and ratings history on Ducommun Incorporated click here. For more ratings news on Ducommun Incorporated click here.
Shares of Ducommun Incorporated closed at $13.95 yesterday.
Analyst, Kenneth Herbert, said, "Following what in our view was a positive earnings call, we are left incrementally more positive on Ducommun’s prospects for 2012. The company stated that much of the issue with the legacy Ducommun Technologies (DLT) top-line (down ~20% Y/Y) was related to order timing rather than a fundamental deterioration, specifically on military fixed-wing (F-15 / F-18). Blackhawk sales are still going strong and even with the conclusion of the multi-year in 2012, and DAS margins will show improvement in 1Q 12."
"We are reducing our 2012 and 2013 estimates to $1.89 and $2.49, respectively."
For an analyst ratings summary and ratings history on Ducommun Incorporated click here. For more ratings news on Ducommun Incorporated click here.
Shares of Ducommun Incorporated closed at $13.95 yesterday.
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