Goldman Sachs Provides Color on BE Aerospace

Goldman Sachs provided color on BE Aerospace (NASDAQ: BEAV). In a research report published today, Goldman stressed it is putting the company's stock on its Conviction Buy List.

In the report, Goldman states, "We add BE Aerospace (BEAV) to the Conviction Buy List with 50% upside to our $54 price target. We believe BEAV is particularly well positioned for this aerospace cycle vs. other suppliers... BEAV also enjoys dominant share in most products, is just beginning to layer in its new SFE business, and is improving its focus on free cash and returns on capital."

At the moment, Goldman has a Buy rating and a price target of $54 placed on the company's stock.

On Monday, BE Aerospace added 0.1% to its value to close the day at $35.94.