Moog (NYSE:MOG.A) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, Zacks.com reports. The brokerage presently has a $94.00 price target on the aerospace company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 21.89% from the company’s previous close.
According to Zacks, “Moog Inc is a designer, manufacturer, and integrator of precision motion control products and solutions. Moog Inc high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, industrial machinery, wind energy, marine applications, and medical equipment. Moog Inc world-class product lines in servo and proportional valves, servo motors and drives, servo actuators, motion systems, controllers and software, and slip rings for data and power transmission provide the highest performance for hydraulic, electric, and hybrid systems. Moog Inc motion control technology enhances performance in a variety of markets and applications, from commercial aircraft cockpits, to power-generation turbines, to Formula One racing, to medical infusion systems. Moog Inc supports talented people, allowing them to approach their work with energy, enthusiasm, and the promise of success. “
A number of other brokerages have also recently commented on MOG.A. ValuEngine raised shares of Moog from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Cowen began coverage on shares of Moog in a research report on Friday, January 24th. They set a “buy” rating and a $110.00 price target on the stock. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $100.67.
Moog Company Profile
Moog Inc designs, manufactures, and integrates precision motion and fluid controls and systems for original equipment manufacturers and end users in the aerospace, defense, and industrial markets worldwide. The company's Aircrafts Controls segment offers primary and secondary flight controls for military and commercial aircrafts; aftermarket support services; and ground-based navigation aids.
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