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.