UBS Maintains a 'Buy' on Alliant Techsystems (ATK); Cutting Numbers as We Bottom, See Upside Looking Out

UBS maintains a 'Buy' on Alliant Techsystems (NYSE: ATK) price target from $80 to $67.

UBS analyst, "We are cutting our EPS estimates and price target on back of initial FY13 guidance. Our new FY13 EPS estimate at $6.20 (cut from $7.05) compares to guidance at $6.00-6.30 and incorporates an 11% revenue decline (in line with midpoint of guidance) along with 9.3% operating margins, equivalent to 18% decrementals after adjusting for one-time items in FY12 and $43m y/y increase in pension expense."

For an analyst ratings summary and ratings history on Alliant Techsystems click here. For more ratings news on Alliant Techsystems click here.

Shares of Alliant Techsystems closed at $54.03 yesterday.

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