UBS Raises Esterline Technologies Price Target To $130

UBS analyst David E. Strauss reiterates a ‘Buy’ rating on Esterline Technologies Corp. (ESL), raises PT from $123 to $130.

The analyst wrote, “We expect ESL to lay out a balanced capital deployment plan targeting ~50% FCF return through share repurchase and potentially a small initial dividend. While ESL’s cash generation has been strong we see room for upside on working capital improvement, currently at 35% of sales, mainly inventory”.

According to TipRanks, which measures analysts and bloggers success rate based on how their calls perform, analyst David E. Strauss, who covers ESL, currently has a one-year average return of 12.8% and a 79% success rate, and ranked #800 out of 3102 analysts.

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