Deutsche Bank Boosts Price Targets in Aerospace & Defense Electronics

Deutsche Bank lifted price targets broadly in the Aerospace & Defense Electronics sector. The firm notes the sector has enjoyed a decent rally year-to-date along with the overall market, with commercial aero stocks up 9% on average [100bps outperformance to the S&P], though large-caps have lagged. "We expect 1Qresults to largely support the move higher, with OE production rates rising, and global airline traffic/capacity growth continuing to support high SD/low DD aftermarket growth," analyst Myles Walton said.

PRICE TARGET CAHANGES:
Textron (NYSE: TXT) Hold , tgt $28 to $30,
BE Aerospace (Nasdaq: BEAV) - Buy, tgt $50 to $53,
United Technologies (NYSE: UTX) - Buy , tgt $89 to $94,
General Dynamics (NYSE: GD) - Buy , tgt $80 to $83,
The Boeing Company (NYSE: BA) - Buy , tgt $83 to $86,
Northrop Grumman (NYSE: NOC) - Hold , tgt $63 to $69,
Raytheon (NYSE: RTN) - Hold , tgt $45 to $51,
Lockheed Martin (NYSE: LMT) - Hold , tgt $80 to $84,
Embraer (NYSE: ERJ) - Buy , tgt $38 to $46,
LMI Aerospace (Nasdaq: LMIA)- Hold , tgt $21 to $24,
Huntington Ingalls (NYSE: HII)- Hold , tgt $33 to $35,
Precision Castparts (NYSE: PCP) - Buy, tgt $180 to $193,
Spirit Aerosystems (NYSE: SPR) - Hold , tgt $26 to $29,
Triumph Group (NYSE: TGI) - Buy , tgt $75 to $80,
TransDigm (NYSE: TDG) - Hold , tgt $120 to $127,
Wesco Aircraft (NYSE: WAIR) - Hold , tgt $15 to $16

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