Topeka Capital Starts Ducommun Incorporated (DCO) at Hold

Topeka Capital initiated coverage on Ducommun Incorporated (NYSE: DCO) with a Hold rating and a price target of $27.00.

Analyst Daniel Whalen said, "DCO is a provider of engineering and manufacturing services for high performance products and high-cost-of failure applications used primarily in the aerospace, defense, industrial, energy and medical markets. The Company is well positioned to benefit from the improving commercial aerospace market and increasing demand for more advanced integrated systems within the defense industry. This should mitigate broader defense headwinds as well as the cancellation of the C-17 program. DCO should also benefit from an improving balance sheet via both debt reduction and an anticipated refinance in 2H2015. However, shares currently offer limited upside to our price target and consequently we are initiating with a Hold rating."

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 $25.93 yesterday.

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