Key Points We’re updating our forecast post HEI’s 4QFY24 earnings release yesterday and we’re reiterating our Overweight rating on the shares. The stock was hit hard yesterday (-8.7%) on a fairly modest...
Key Points Technology and scale-up concerns mostly allayed while capital raised. Product commercialization in 2025 could result in the next leg up in PCT shares First major product commercialization announcement (in 2025)...
Key Points We are terminating coverage of Elbit Systems (ESLT; previously rated Overweight) due to a change in research focus. Going forward, we will no longer maintain an investment rating or target...
Key Points Consensus 2025 earnings estimates undemanding, in our view. Macro trends could propel significant medium-term earnings growth Earnings power on the back of recent acquisitions still underappreciated. Valuation highly attractive on...
Key Points We are maintaining our Overweight rating on shares of AVAV post the firm’s 2QFY25 earnings report earlier this week. The shares fell Thursday on margin headwinds in 2Q, though we...
Key Points We’re updating our forecast for TDG for the first time post its 4QFY24 earnings report. We’ve very modestly lowered our FY25/26 sales outlook on concerns over commercial aftermarket sales,...
Key Points We are maintaining our Neutral rating on shares of WWD as we update our forecast for the first time post the firm’s 4QFY24 earnings call last week. While FY24 was...
Key Points Higher methanol price regime sustainable on the back of cost curve considerations and tightening supply/demand fundamentals Attractive free cash flow story evolving; company could cumulatively generate over 65% of current...