Auriga reiterates a 'Buy' on Astronics (ATRO); Q1 Preview: Expect Beat

Auriga reiterates a 'Buy' on Astronics (NASDAQ: ATRO) price target of $38.00.

Analyst, Mike Callahan, said, "We suspect the company will handily achieve our EPS target of $0.47, which is at the Street high and $0.03 ahead of consensus. We expect strong revenue trends seen in 4Q11 to build into 2012, and look for 12% consolidated revenue growth to $61.7 million. Looking forward, we believe we are in the early innings of the Astronics growth story, particularly given our expectation for higher OEM build rates to drive growth of Cabin Electronics products over the next few years. As such, we continue to recommend investors build a position in ATRO."

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

Shares of Astronics closed at $32.54 yesterday.

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