Esterline Technologies (ESL) Misses Q3 EPS by 9c, FY Guidance Falls Short

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Canaccord Genuity Cuts Price Target on Esterline Technologies (ESL) Following 9c EPS Miss

September 4, 2015 8:40 AM EDT

Canaccord Genuity maintained a Buy rating on Esterline Tech (NYSE: ESL), and cut the price target to $120.00 (from $130.00), following the company's 3Q15 earnings results. Adjusted EPS of $1.33 missed Street's estimate by 9c. Revenues of $496M missed Street's $531M estimates.

Analyst Ken Herbert commented, "Esterline... More