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RBC Capital Cuts Alliant Techsystems (ATK) to Underperform Following FY13 Outlook

March 13, 2012 11:03 AM EDT
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Price: $140.03 --0%

Rating Summary:
    4 Buy, 11 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 12 | New: 13
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RBC Capital's Rama Bondada downgraded shares of Alliant Techsystems (NYSE: ATK) from Sector Perform to Underperform Tuesday morning. The analyst's price target was lowered from $59 to $51.

The downgrade follows some FY13 guidance from Alliant early this morning. The stock last traded at $53.37, down more than 7 percent from Monday's closing price.

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


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