Drexel Hamilton

In a report published Monday, Drexel Hamilton reiterated its Buy rating on Textron (NYSE: TXT), and slightly raised its price target from $31.00 to $32.00. Drexel Hamilton noted, “We remain Buy-rated on shares of TXT after a solid Q2 report, as results showed management's focus on execution is...

Drexel Hamilton raised its rating on VMware (NYSE: VMW) from Hold to Buy and maintained its price target price at $110 per share. Drexel Hamilton noted, "Although not specifically stated we believe the executive changes set up a possible CEO succession plan for EMC, which we think benefits...

Drexel Hamilton initiated coverage on Huntington Ingalls Industries (NYSE: HII) with a Hold rating on valuation concerns. Drexel Hamilton commented, "The market sees the potential for strong earnings growth from margin recovery at the Ingalls unit, pushing the shares up over 20% year to date and...

In a report published Monday, Drexel Hamilton reiterated its Buy rating on Hawaiian Telecom (NASDAQ: HCOM) and raised its price target from $22.00 to $25.00. Drexel Hamilton noted, “We have noted significant progress by the company in a number of areas, and its key growth initiative, introduction...

Drexel Hamilton initiated coverage on FLIR Systems (NASDAQ: FLIR) with a Buy rating and a price target of $22. Drexel Hamilton noted, "We think FLIR's U.S. Defense Department business has declined more than 40% the last two years – we have a further 10% annual decline in 2013 and 2014 factored...

Drexel Hamilton provided color on Kaman Corporation (NASDAQ: KAMN) in a research report published today. Drexel Hamilton has a Buy rating and $38 price target on the company. In the report, Drexel Hamilton stated, "KAMN reports Q2 EPS on July 26 and after the bad miss of Q1 (due to timing) we...

Drexel Hamilton provided color on Honeywell International (NYSE: HON) in a research report published today. Drexel Hamilton has a Buy rating and $65 price target on the company. In the report, Drexel Hamilton stated, "A year out, we could well envision the HON shares significantly above our...

Drexel Hamilton maintains a Buy rating on Red Hat (NYSE: RHT) and a price target of $65. Drexel Hamilton notes, “FX impact was greater than anticipated due to the volatility of rates during the quarter, which contributed to reported billings (as measured by revenue plus change in deferred revenue...

In a report published earlier today, Drexel Hamilton, LLC upgraded its rating for Qlik Tech (NASDAQ: QLIK) from Hold to Buy, and reiterated its $30.00 price target. Drexel Hamilton said its decision “is based on a 15x EV/EBITDA (FTM) multiple plus a premium for being what we consider a potential...

Drexel Hamilton initiates Woodward (NASDAQ: WWD) with a Buy rating and a price target of $43. Drexel Hamilton comments, "We think WWD's positioning on current Aerospace platforms like the A320, 777 and 787, along with extensive aftermarket exposure, should allow for strong growth during the...

Listed below are today's Top Initiations covered by Benzinga: Morgan Stanley Initiates Edgen Group (NYSE: EDG) at Overweight: Morgan Stanley comments, "EDG is exposed to the most promising trends. We favor EDG's more specialized approach, focusing on just 14k SKUs vs. 150k offered by MRC. About...

Listed below are today's Top Upgrades covered by Benzinga: KeyBanc Capital Markets Upgrades Vera Bradley (NASDAQ: VRA) to Buy: KeyBanc Capital Markets stated, "Our original holding on our downgrade was that indirect growth would slow given growth in the owned retail business. We think this...

In a report published earlier today, Drexel Hamilton, LLC upgraded its rating for Teledyne Technologies Incorporated (NYSE: TDY) from Hold to Buy, and raised its price target from $60.00 to $65.00. Drexel Hamilton went on to say “Hearkening to its 1960 founding to exploit emerging digital...

Drexel Hamilton initiates its coverage on The Allstate Corporation (NYSE: ALL) with a Hold rating and a price target of $37 a share. Drexel Hamilton notes, "Allstate sells at 85% of book value and at less than 10x next year's projected earnings, with a dividend yield of 2.7%. We project $4.12 in...

According to a research report published this morning, Drexel Hamilton has initiated Splunk (NASDAQ: SPLK) with a Hold rating and $34 PT. In the report, Drexel Hamilton said, "Splunk sells software that creates real-time operational intelligence by analyzing the data streams created by/from...