UPDATE: Jefferies Raises PT on Rockwell Collins Following ARINC Acquisition Announcement
August 12, 2013 at 11:30 AM EDT
In a report published Monday, Jefferies analyst Howard A. Rubel reiterated a Hold rating on Rockwell Collins (NYSE: COL ), and raised the price target from $70.00 to $75.00. In the report, Jefferies noted, “On Sunday August 11, COL announced that it had reached a definitive agreement to acquire ARINC