Erickson (EAC) Misses Q1 EPS by 9c, Revenue Tops Views
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Imperial Capital Lowers PT on Erickson (EAC) Anticipating Industry Challenges
May 13, 2015 6:50 AM EDTImperial Capital maintains their In-Line rating for Erickson Air-Crane (NASDAQ: EAC), and lowers the price target to $4.00 (from $7.00), anticipating persistent industry challenges. EAC continues to work through a challenging macroeconomic environment, with the drawdown of military operation in the Middle East, and the current decline in energy prices, as well as self-inflicted operational challenges from its acquisition of Evergreen Helicopter in 2013.
Imperial Capital analyst, Bob McAdoo, commented on EAC, saying, "While... More
Canaccord Genuity Lowers PT Following Erickson's (EAC) 1Q
May 12, 2015 11:06 AM EDTCanaccord Genuity maintains their Hold rating on Erickson Air-Crane (NASDAQ: EAC), and lowers the price target to $6.00 (from $7.00), following 1Q15 results. Canaccord believes that it is still to early to see any material impact from the new CEO, but the increased focus on sales and accountability are all positives. EAC reported revenue... More
