Goodrich's (NYSE:GR) OEM, Aftermarket Business Should Beat Estimates

Original estimates concerning the OEM and Aftermarket business of Goodrich (NYSE:GR) by FBR Capital appears to be lower than the reality, and FBR said they expected them to perform better than they originally believed.

FBR says, "Over the past three months, commercial aerospace industry fundamentals have continued to improve with steady - albeit less dramatic - increases in traffic, capacity, and aircraft utilization. As a result, heading into 2011, we expect that Goodrich's OEM and Aftermarket business will perform better than we originally forecasted, so we are raising our 2011 revenue and EPS estimates and raising our price target to $100."

FBR Capital maintains an "Outperform" rating on Goodrich, which closed Wednesday at $89.98, up $0.81, or 0.91 percent.