The Buckingham Research Group Raises Price Target For Tyco International Ltd. (TYC)

Analyst Edward Wheeler at The Buckingham Research Group has released an update on Tyco International Ltd. (NYSE: TYC). The company reported its second-quarter results on Tuesday.

Following the second-quarter results, the brokerage firm has raised its price target for the company to $52. Meanwhile, the brokerage firm has maintained its FY 2010 and FY 2011 EPS estimate for the company at $2.60 and $3.10, respectively.

The Buckingham Research Group has maintained its Buy rating for Tyco International Ltd.