Bull of the Day: Alliant Techsystems
by Zacks Equity ResearchJanuary 02, 2013 | Comments : 0 Recommended this article: (0)
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We anticipate Alliant to capitalize significantly on defense and aerospace deals gained during the quarter. Furthermore, the company's dividend hike of 30% would add value to its investors and win their confidence over the long term. We believe Alliant's recently incorporated business segment realignment strategy will enable the company to improve its operational efficiency while benefiting margins.
However, the imminent threat of defense budget cuts could constrict growth opportunities of the company. We reaffirm our Outperform recommendation on the stock.
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