Will This Price Target Increase Help BE Aerospace (BEAV) Today?

Story updated at 10 a.m. to reflect market activity.

NEW YORK (TheStreet) -- KeyBanc raised its price target for BE Aerospace (BEAV) to $108 from $94 Thurday.

Shares of BE Aerospace gained 0.5% to $88.71 in morning trading.

The bank maintained its "buy" rating for the stock." Analysts Michael F. Ciarmoli and Kevin Ciabattoni also raised EPS estimates for 2014 and 2015 for the company. Both the raised price target and raised estimates were driven by continued strength in bookings.

"Given the recent noise surrounding the Company's oil and gas diversification strategy and what some investors argue is a stretched valuation, we thought it made sense to revisit the most compelling component of our investment thesis on BEAV shares - growth expectations in the aircraft seating (and interiors) market in the coming years," the analysts wrote. "We also thought it made sense to highlight the stock ahead of next week's MRO America Conference and Hamburg Interiors Expo."

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TheStreet Ratings team rates B/E AEROSPACE INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate B/E AEROSPACE INC (BEAV) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

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