Analyst Price Targets and Ratings on These Industrial Goods Companies

Stock analysts initiated coverage in the Industrial Goods sector for the week ending December 16th, 2011 for the following companies:

Raytheon (NYSE:RTN): Standpoint Research initiated coverage of this company with a rating of Buy and a price target of $54 on Dec 12th. The shares recently traded at $45.58, up $0.76, or 1.7% since the analyst’s rating. About the company: Raytheon Company operates in defense, homeland security and other government markets. The Company provides electronics, mission systems integration in the areas of sensing, effects, command, control, communications and intelligence systems, and mission support services. Raytheon provides products and services worldwide. Get the most recent company news and stock data here >>

Spirit Aerosystems (NYSE:SPR): KeyBanc Capital Mkts initiated coverage of this company with a rating of Buy and a price target of $25 on Dec 13th. The shares recently traded at $19.51, up $0.05, or 0.26% since the analyst’s rating. About the company: Spirit AeroSystems Holdings Inc. designs and manufactures aerostructures including fuselages, propulsion systems and wing systems for commercial and military aircrafts. Get the most recent company news and stock data here >>

Rockwell Automation (NYSE:ROK): MKM Partners initiated coverage of this company with a rating of Neutral and a price target of $79 on Dec 15th. The shares recently traded at $72.09, up $0.05, or 0.07% since the analyst’s rating. About the company: Rockwell Automation, Inc. is a global provider of industrial automation power, control, and information solutions. The Company’s products include Low voltage and medium voltage electro-mechanical and electronic motor starters, motor and circuit protection devices, AC/DC variable frequency drives, contactors, push buttons, signaling devices, termination and protection devices, and relays. Get the most recent company news and stock data here >>

Dresser-Rand (NYSE:DRC): BB&T Capital Mkts initiated coverage of this company with a rating of Hold on Dec 15th. The shares recently traded at $49.38, up $0.43, or 0.88% since the analyst’s rating. About the company: Dresser-Rand Group, Inc. manufactures equipment for the oil and natural gas industries. The Company manufactures oil and gas production, high-pressure field injection, pipeline, refinery, natural gas processing, and petrochemical production equipment. Get the most recent company news and stock data here >>

Aixtron (NASDAQ:AIXG): Maxim Group initiated coverage of this company with a rating of Sell and a price target of $8 on Dec 15th. The shares recently traded at $11.47, down $0.15, or 1.29% since the analyst’s rating. About the company: Aixtron AG engineers and manufactures metal organic chemical vapor deposition (MOCVD) equipment for the semiconductor industry. The Company’s customers use its equipment to produce compound semiconductor layer structures for use in LED, laser, solar cell, transistor, telecommunications, and other applications. Aixtron markets its products worldwide. Get the most recent company news and stock data here >>

Cummins (NYSE:CMI): Standpoint Research initiated coverage of this company with a rating of Buy and a price target of $110 on Dec 16th. The shares recently traded at $85.82, down $1.48, or 1.7% since the analyst’s rating. About the company: Cummins Inc. designs, manufactures, distributes and services diesel and natural gas engines. The Company also manufactures electric power generation systems and engine-related component products, including filtration and exhaust aftertreatment, fuel systems, controls, and air handling systems. Get the most recent company news and stock data here >>

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

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