The Cedar Rapids, IA-based company is engaged in the design, production and support of communications and aviation electronics for commercial and military customers.
The price target cut comes after the company reported 2016 first quarter earnings on Friday.
Rockwell Collins reported earnings of $1 per share from continuing operations, but included an 18 cent tax benefit related to the reactivation of the research & development tax credit, the firm noted.
Excluding this, earnings of 82 cents per share, missed the $1 consensus and supplier issues weighed on its Government Systems (GS) sales, Credit Suisse added.
"However, COL noted the supplier issue has been resolved and it expects to recover the delays within fiscal year 2016 (for example, one order that slipped has since been booked)," the firm said in an analyst note.
Shares of Rockwell Collins closed down by 4.69% to $80.48 on heavy trading volume on Monday.
About 2.17 million of the company's shares were traded by this afternoon, well above its average of 776,347 shares per day.
Separately, TheStreet Ratings team has a "buy" rating with a score of A on the stock.
This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that the team rates.
The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, expanding profit margins, solid stock price performance and notable return on equity.
The team feels its strengths outweigh the fact that the company has had generally high debt management risk by most measures that it evaluated.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: COL