Goldman Sachs Downgrades BE Aerospace (BEAV) to Buy

Goldman Sachs downgraded BE Aerospace (NASDAQ: BEAV) from Conviction Buy to Buy with a price target of $111.00.

Analyst Noah Poponak said, "We remove BE Aerospace (BEAV) from the Conviction List. It remains Buy rated and a top opportunity in the Aerospace & Defense sector. We continue to favor BEAV’s multiple company-specific drivers of growth, and its exposure to the aftermarket, wide-body growth, and this unique airline profit cycle. However, after three years on the Conviction List, valuation is now more full and the story better understood. More M&A is possible from its strategic review, but would seem more likely post a 1Q15 close of the announced separation."

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 $94.97 yesterday.

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