The firm said it lowered its rating on the aerospace, defense, and commercial products company as it believes Alliant Techsystems' sporting outlook is weak, and the future of the merger with Orbital Science Corp. is unclear.
In April of this year the two companies announced they would be combining their aerospace and defense groups in order to create a $4.5 billion defense and aviation systems developer.
Must Read: Warren Buffett's 25 Favorite Stocks
RBC Capital has a $125 price target on Alliant Techsystems.
Shares of Alliant Techsystems are lower by 0.82% to $116 in pre-market trading this morning.
Separately, TheStreet Ratings team rates ALLIANT TECHSYSTEMS INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate ALLIANT TECHSYSTEMS INC (ATK) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, growth in earnings per share, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins."