Jefferies Remains Sidelined on Rockwell Collins (COL) - PT to $96

Jefferies reiterated a Hold rating on Rockwell Collins (NYSE: COL), and raised the price target to $96.00 (from $94.00), following the company's 2Q.

Analyst Howard Rubel commented, "Our FY16 EPS estimate is lowered to $5.52 from $5.60. Our FY17 EPS estimate of $5.75 is cut by $0.10 due to some gross margin pressure, partly offset by lower R&D. The biggest disappointment was lower Commercial Systems gross margin, which may persist beyond FY17 due to lower Global bizjet volumes and more new OE products."

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

Shares of Rockwell Collins closed at $89.12 yesterday.

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