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Jefferies raises price target on Orbital Sciences

Sep. 16, 2013 2:36 PM ETOrbital ATK, Inc. (OA) StockOABy: Colin Lokey, SA News Editor
  • Orbital Sciences (ORB +3.6%) gets a lift as Jefferies' Howard Rubel raises his price target on the shares to $27 from $24.
  • Rubel thinks the upcoming launch of the Antares rocket with the Cygnus supply capsule aboard "should lead to higher revenue, improved profitability, and greater free cash flow generation."
  • Buy rating reiterated.

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