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B

Barnes Group

$65.59

-0.26 (-0.39%)

18:56
08/15/18
08/15
18:56
08/15/18
18:56

Barnes Group initiated with a Buy at UBS

UBS analyst Myles Walton initiated coverage of the Aerospace & Defense sector, starting Barnes Group with a Buy rating and $80 price target.

B Barnes Group
$65.59

-0.26 (-0.39%)

10/09/17
RBCM
10/09/17
NO CHANGE
Target $209
RBCM
Outperform
Defense and Aerospace sector poised for strong Q3, says RBC Capital
RBC Capital analyst Matthew McConnell previewed the Q3 earnings season for the defense and commercial aviation industries, raising price targets across the sectors. In defense, McConnell likes the companies with focus on international markets, where demand has not yet been reflected in orders or backlog. Among his favorites, McConnell raises the price target on Raytheon (RTN) to $209 from $193, General Dynamics (GD) to $241 from $220, Northrop Grumman (NOC) to $324 from $294, Lockheed Martin (LMT) to $327 from $289, and Triumph (TGI) to $38 from $33. He also states that there may be room for some consolidation in defense given that budget up-cycle is only 2 years old, profiling Astronics (ATRO), Barnes (B), Esterline (ESL), Heico (HEI), and Textron (TXT) as some of the potential targets. In commercial aviation, McConnell sees Boeing (BA) upside driven by continued strong air traffic growth, mature sales campaigns, and expectations for a strong wide-body replacement cycle starting in the early 2020s, raising his price target on Boeing to $269 from $235.
10/13/17
DBAB
10/13/17
NO CHANGE
DBAB
Deutsche Bank likes three Defense names into Q3 results
Ahead of the Aerospace & Defense earnings season which begins on October 18, Deutsche Bank analyst Myles Walton says he likes Boeing (BA), Huntington Ingalls (HII) and Raytheon (RTN) into the reports. Helping support the quarter was continued strong air traffic demand, inflecting defense spending outlays, and the increasing geopolitical threat environment, Walton tells investors in a research previewing the earnings for the sector. The analyst increased some price targets in the space, including Huntington Ingalls to $260 from $240, Barnes Group (B) to $77 from $70, Hexcel (HXL) to $66 from $60 and Spirit AeroSystems (SPR) to $83 from $75.
05/18/18
DADA
05/18/18
INITIATION
Target $63
DADA
Neutral
Barnes Group initiated with a Neutral at DA Davidson
DA Davidson analyst Matt Summerville initiated Barnes Group with a Neutral rating, citing his view that Barnes has an excellent Aerospace franchise but that its Industrial business faces tough comps throughout 2018. He set a $63 price target on Barnes Group shares.
07/31/18
DADA
07/31/18
NO CHANGE
Target $676
DADA
Neutral
Barnes Group price target raised to $67 from $63 at DA Davidson
DA Davidson analyst Matt Summerville raised his price target on Barnes Group to $67 after its Q2 earnings beat and operating margin improvement. The analyst notes better performance of the Aerospace segment and its higher than expected aftermarket demand, adding that the raise in the company's FY18 EPS view was driven in part by operational upside and record backlog. Summerville also keeps his Neutral rating on Barnes Group, stating that the organic comps in the Industrial segment remain challenging.

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