Barclays Maintains an 'Overweight" on Goodrich (GR); Shifting Into Higher Gear
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Price: $127.48 --0%
Rating Summary:
2 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 10 | New: 18
Rating Summary:
2 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 10 | New: 18
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Barclays maintains an 'Overweight" on Goodrich (NYSE: GR), price target raised from $105 to $120.
Barclays analyst says, "Heading into Q2 earnings, we think investors had high expectations for Goodrich and given the impressive earnings beat and guidance raise, we think the company easily exceeded those already high expectations. In our view, GR reported strong Q2 earnings with EPS of $1.38 beating consensus of $1.31, based on strong growth in all the major markets...Following the strong quarter, the significant guidance increase and management's bullish comments, we are raising our 2011 and 2012 EPS estimates to $6.05 and $7.10, respectively."
For more ratings news on Goodrich click here and for the rating history of Goodrich click here.
Shares of Goodrich closed at $98.18 yesterday.
Barclays analyst says, "Heading into Q2 earnings, we think investors had high expectations for Goodrich and given the impressive earnings beat and guidance raise, we think the company easily exceeded those already high expectations. In our view, GR reported strong Q2 earnings with EPS of $1.38 beating consensus of $1.31, based on strong growth in all the major markets...Following the strong quarter, the significant guidance increase and management's bullish comments, we are raising our 2011 and 2012 EPS estimates to $6.05 and $7.10, respectively."
For more ratings news on Goodrich click here and for the rating history of Goodrich click here.
Shares of Goodrich closed at $98.18 yesterday.
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