Defense contractor Rockwell Collins, Inc. (COL) on Wednesday caught a big downgrade from analysts at Goldman Sachs.

The firm cut its rating on COL “Sell” with a $46 price target, suggesting an 8% downside to the stock’s Tuesday closing price of $50.18. Goldman Sachs noted the company could be hurt by higher competition as well as substantial exposure to the defense sector.

Rockwell Collins shares were mostly flat in premarket trading Wednesday.

The Bottom Line
Shares of Rockwell Collins (COL) have a 2.39% dividend yield, based on last night’s closing stock price of $50.18. The stock has technical support in the $45 price area. If the shares can firm up, we see overhead resistance around the $52-$54 price levels.

Rockwell Collins, Inc. (COL) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.