Jefferies Maintains a 'Buy' on BE Aerospace (BEAV); Follow Up After Conference: OE Offsets Aftermarket

Jefferies maintains a 'Buy' on BE Aerospace (NASDAQ: BEAV) price target of $51.00.

Analyst, Howard A. Rubel, said, "We view 41% of BEAV's business related to the OE civil aircraft cycle and non-discretionary, but 17% involving potential retrofit opportunities. These elements of the business are primarily within the Commercial Aircraft and Business Jet segments. We believe that the double digit increase in aircraft deliveries from 2011-2014 will offset potential weakness in the aftermarket. BEAV's mix is weighted toward widebodies, which will likely experience higher growth rates (+29% CAGR 2011-14E) versus a narrowbody CAGR of 6% from 2011-14E."

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

Shares of BE Aerospace closed at $40.54 yesterday.

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