UBS U.S. Aerospace & Defense Playbook
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Price: $140.03 --0%
Rating Summary:
4 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
4 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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UBS U.S. Aerospace & Defense Playbook
UBS analyst said, "On Tues, we host our annual Chicago one-on-one conference with Alliant Tech (NYSE: ATK) / BBD / Embraer SA (NYSE: ERJ) / Goodrich (NYSE: GR) / HEICO (NYSE: HEI) / Lockheed Martin (NYSE: LMT) / Boeing (NYSE: BA) / Triumph Group (NYSE: TGI) / United Technologies (NYSE: UTX) / Woodward (NYSE: WWD) scheduled to attend. We will attend the NBAA regional forum at Teterboro on Wed to get a read on recent developments in the bizjet market. Fri, we will get DoD cash outlays data from Treasury. With YTD modernization outlays down 3% halfway through the fiscal year, we estimate DoD will need to avg 28% growth through Sept to hit its +10% growth target for FY11. We will be hosting investor meetings with General Dynamics (NYSE: GD) in Europe on Fri and early next week with G650 progress, bizjet booking trends and Combat risk main items we will focus on. We expect negative defense news flow over the next few months with approaching debt ceiling debate and as Congress makes its first pass through the FY12 appropriations bills. Paris Air Show week of June 20."
"Still prefer aero aftermarket...Goodrich (NYSE: GR) / Rockwell Collins (NYSE: COL) / TransDigm Group (NYSE: TDG) are our top picks..."
"Risk to 2011 defense results on lower FY11-12 budgets...Our only Buy-rated defense stocks are GD/ATK."
UBS analyst said, "On Tues, we host our annual Chicago one-on-one conference with Alliant Tech (NYSE: ATK) / BBD / Embraer SA (NYSE: ERJ) / Goodrich (NYSE: GR) / HEICO (NYSE: HEI) / Lockheed Martin (NYSE: LMT) / Boeing (NYSE: BA) / Triumph Group (NYSE: TGI) / United Technologies (NYSE: UTX) / Woodward (NYSE: WWD) scheduled to attend. We will attend the NBAA regional forum at Teterboro on Wed to get a read on recent developments in the bizjet market. Fri, we will get DoD cash outlays data from Treasury. With YTD modernization outlays down 3% halfway through the fiscal year, we estimate DoD will need to avg 28% growth through Sept to hit its +10% growth target for FY11. We will be hosting investor meetings with General Dynamics (NYSE: GD) in Europe on Fri and early next week with G650 progress, bizjet booking trends and Combat risk main items we will focus on. We expect negative defense news flow over the next few months with approaching debt ceiling debate and as Congress makes its first pass through the FY12 appropriations bills. Paris Air Show week of June 20."
"Still prefer aero aftermarket...Goodrich (NYSE: GR) / Rockwell Collins (NYSE: COL) / TransDigm Group (NYSE: TDG) are our top picks..."
"Risk to 2011 defense results on lower FY11-12 budgets...Our only Buy-rated defense stocks are GD/ATK."
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