Moog (MOG-A) Tops Q2 EPS by 5c

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Go back to Moog (MOG-A) Tops Q2 EPS by 5c

Cowen Downgrades Moog (MOG-A) to Market Perform on Aircraft Execution Concerns

May 4, 2015 9:21 AM EDT

Cowen downgraded Moog (NYSE: MOG-A) from Outperform to Market Perform with a price target of $75.00 (from $87.00). Analyst Cai von Rumohr thinks aircraft execution is a concern and could impact results in FY16 and FY17.

"We're downgrading Moog to Market Perform for Aircraft execution concerns that could restrain the FY16-17 transition to richer margins by FY19 when 787/A350 aftermarket sales... More