One of the aerospace & defense stocks that KeyBanc Capital Markets Analyst Michael Ciarmoli favors is B/E Aerospace Inc (BEAV). He has an “overweight” rating and a $68 price target on the company, which is a cabin interior provider and manufacturer of seats, lighting and kitchen galley equipment.
“We think they’re uniquely positioned to benefit not only from new OE production, but the trend that newer planes are larger and denser, with more seats and more passenger amenities than legacy aircraft,” Ciarmoli says.
FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE.
Airlines are continuing to make money and are, in turn, upgrading their fleets. Ciarmoli says B/E Aerospace is likely to benefit from what should be a healthy aftermarket retrofit cycle.
“What you’re seeing most of these carriers try to do is upgauge their fleet and commonize their fleet, so if they’re taking deliveries of new 737s, they want to make their old 737s look and feel the same in terms of the passenger experience,” Ciarmoli says. “B/E has got very good margins, very good market share position and a pretty good toehold on the newer platforms that are still in growth mode like the 787 and the A350.”
Amin J. Khoury, CEO of B/E Aerospace (BEAV), Presents at Cowen 35th Annual Aerospace/Defense & Transportation Conf.
February 05, 2014
B/E Aerospace Inc (NASDAQ:BEAV) Improves Competitive Position
April 28, 2016
The Boeing Company (BA) Grows Earnings; Continues Producing Fuel-Efficient Planes
July 12, 2013
Larger Names in Life Sciences Tools and Diagnostics to Boost Sector
August 21, 2012
SolarCity Corp (SCTY) Could Issue Larger Asset-Backed Securities in 2014
February 28, 2014
