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Stock Market & Financial Investment News

News Breaks
August 7, 2014
05:33 EDTESLEsterline upgraded to Buy from Neutral at Goldman
Goldman Sachs upgraded Esterline Technologies to Buy citing the recent pullback in shares and its belief consensus estimates are too low. The firm raised its price target for shares to $140 from $111. Goldman views Esterline as the best turnaround story in Aerospace & Defense.
News For ESL From The Last 14 Days
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February 23, 2015
06:51 EDTESLAerospace sector downgraded to Neutral from Attractive at Goldman
Goldman downgraded the Aerospace sector to Neutral based on group outperformance and increased downside risks. The firm believes Boeing (BA) and Airbus are now oversupplying the market after a decade of undersupply and replacement demand required to sustain production may prove difficult to achieve. Goldman said accelerated new aircraft replacements was partially due to fuel economics and lower fuel prices and global growth volatility could substantially change Aerospace dynamics. As part of the sector view change, Goldman downgraded Boeing to Sell from Neutral and Precision Castparts (PCP) to Natural from Buy.

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