UPDATE: Bank of America Downgrades Esterline Technologies on Model Revisit Following 3Q13 Results
September 27, 2013 at 09:14 AM EDT
In a report published Friday, Bank of America analyst Ronald J. Epstein downgraded the rating on Esterline Technologies Corporation (NYSE: ESL ) from Neutral to Underperform, but raised the price target from $76.00 to $77.00. In the report, Bank of America noted, “Based on 3Q13 results we are revisiting our