Mar. 13, 2017 9:19 AM ET|About: Rockwell Collins, Inc. (COL)|By: Yoel Minkoff, SA News Editor Morgan Stanley has upgraded Rockwell Collins (NYSE:COL) from Equalweight to Overweight, with a price target $121 (from $94)
"We have been surprised that shares of COL have not performed better in recent months. First, the large premium that the company was paying for BEAV of ~22.5% has now dissipated per the broader strength in Aerospace stocks, leading to a slightly discounted multiple currently (~16x on FY18E). In addition, the accretion is impressive; based on our updated 2018 estimates."