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Key Points Aerovironment yesterday announced the biggest deal in its history, a USD4.1B (enterprise value) all-stock acquisition of P/E-held BlueHalo. Aerovironment will issue 18.5m shares to BlueHalo shareholders to fund the...
Key Points History suggests that demand- and profitability-plagued periods, like 2022-2024, were followed by rapid margin and volume gains Several countries imposing anti-dumping duties on Chinese TiO2 could be the source of...
Key Points We are maintaining our rating on shares of NOC at Neutral and updating our forecast for the first time post 3Q earnings. We’ve made some modest changes to our revenue...
Key Points We’re updating our GD outlook for the first time post 3Q earnings and raising our target price by USD11 to USD339. 3Q earnings was fairly uneven, and we have questions...
Key Points We are raising our rating on shares of BWXT from Neutral to Overweight post last week’s 3Q earnings report, and we're increasing our target price by USD42 to USD148. Unfortunately,...