KeyBanc Upgrades Orbital-ATK (OA) to Overweight

KeyBanc upgraded Orbital-ATK (NYSE: OA) from Sector Weight to Overweight with a price target of $106.00.

Analyst Michael F. Ciarmoli said, "We believe OA (74% of revenues tied to defense/ space markets) is favorably positioned to benefit from an inflecting DoD spending environment, an acceleration of precision missile procurement, and increasing NASA space launch activities. Additionally, OA should benefit from ongoing synergies related to the Company’s recent merger with ATK."

For an analyst ratings summary and ratings history on Orbital-ATK click here. For more ratings news on Orbital-ATK click here.

Shares of Orbital-ATK closed at $85.16 yesterday.

You May Also Be Interested In