Defense/aerospace hardware vendor Esterline Technologies (ESL +2.7%) rallies on an upgrade to...

|About: Esterline Technologies Corp... (ESL)|By:, SA News Editor

Defense/aerospace hardware vendor Esterline Technologies (ESL +2.7%) rallies on an upgrade to Outperform from Credit Suisse. CS argues contract timing issues that have plagued Esterline will dissipate in 2H, and the company will get a lift from new contract opportunities related to aircraft programs, as well as margin improvement. (previous)