Ducommun price target raised to $84 from $83 at B. Riley

B. Riley analyst Mike Crawford raised the firm’s price target on Ducommun (DCO) to $84 from $83 and keeps a Buy rating on the shares following the Q1 beat. The company was boosted by favorable gross margin mix as well as its positioning as a largely U.S. domestic tier 1 supplier of complex electronics and structural systems, the analyst tells investors in a research note. The firm says Ducommun continues to drive sales and margin growth via strategic initiatives including expanding its engineered products mix, offloading radar and missile system circuit card assembly and structural system production.