UPDATE: Canaccord Genuity Initiates Coverage on Esterline Technologies on Positive Catalysts, Continued Risks

In a report published Thursday, Canaccord Genuity analyst Ken Herbert initiated coverage on Esterline Technologies Corporation (NYSE: ESL ) with a Hold rating and $85.00 price target. In the report, Canaccord Genuity noted, “We are initiating coverage of Esterline Technologies (ESL) with a HOLD rating and an $85 price target.