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Fly News Breaks for May 1, 2019
ATRO
May 1, 2019 | 06:21 EDT
Seaport Global analyst Josh Sullivan initiated Astronics with a Buy and $42 price target saying it is exiting an "significant" investment cycle and its Armstrong, AeroSat and CCC businesses are now nearing an inflection point. Also, Astronics' Ku-band antenna will be used for Satcom Direct's Xperience, taking business jets from dial-up to modern internet speeds. Sullivan notes Astronics strong positioning on high-speed connectivity and narrow-body power supply, as well as an improving balance sheet
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