Share this article

print logo

COMPTEK GETS A 'BUY' RATING

SO WHAT IF the defense industry is bracing for cutbacks.

Prudential-Bache Securities analyst Kenneth C. Bohringer thinks Comptek Research Inc., the Buffalo-based defense electronics firm, is in a good position to keep growing even if the defense budget is cut.

That's because Bohringer thinks Comptek's electronic warfare and other products will be essential parts of the low-intensity, limited warfare capabilities the Pentagon will need.

As a result, Pru-Bache is rating Comptek's stock a "buy." He estimates the company's earnings per share, which rose 152 percent during the fiscal year ended in March, will rise from 63 cents to 70 cents a share this year.

There are no comments - be the first to comment