Deutsche Bank Maintains Buy On B/E Aerospace Shares


In a research report issued today, Deutsche Bank analyst Myles Walton maintained a Buy rating on B/E Aerospace (NASDAQ:BEAV). No price target was provided.

Walton said, “Adjusted 3Q EPS of $1.16 was a penny ahead of our street matching $1.15. Sales of $1.1B were up 24% YoY but were behind our model, largely on lower business jet organic declines (vs. our assumed growth). Excluding lots of items, the company raised 2014 EPS guidance by 10c to $4.45 (DBe/street at $4.43/$4.42), but we suspect investors were more trying to dissect the 2015 business trends. The company confirmed they expect to complete spin by the end of the year. Mgmt also provided an initial glimpse of 2015 for both companies to have double digit top-line (helpful commentary) and DD EPS growth (less helpful/incremental).”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Myles Walton has a total average return of 6.8% and a 50.0% success rate. Walton has a -13.7% average return when recommending BEAV, and is ranked #744 out of 3339 analysts.

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