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Fly News Breaks for March 7, 2017
DCO
Mar 7, 2017 | 07:45 EDT
Canaccord analyst Ken Herbert noted Ducommun reported less than expected Q4 results, noting that operating margins were lower in the structural segment and expectations are for continued margin headwind due to new programs. The analyst believes the company is on track for continued deleveraging , sales growth acceleration, and multiple expansion as execution and the titanium business become the key driver of growth. Herbert reiterated his Buy rating and raised his price target to $35 from $33 on Ducommun shares.