Key Points We are terminating coverage of Albany International (AIN; previously Rated Neutral) due to a change in research focus. Going forward, we will no longer maintain an investment rating or target...
Key Points We’re maintaining our Neutral rating on shares of LMT post last week’s 3Q24 earnings release and we’re raising our target price by USD39 to USD569. Our free cash flow outlook...
Key Points In line Q3’24 EBITDA but EPS beat; Q4’24 guidance range mid-point slightly below consensus Sequentially higher EBITDA margins in S&S segment but lower in PM segment. Healthy y-o-y PM segment...
Key Points We’re reiterating our Overweight rating on shares of LHX after Friday’s 3Q24 earnings release, and raising our target price by USD32 to USD296. The strong book/bill of 1.4x and the...
Key Points We’re initiating coverage of Curtiss Wright with an Overweight Rating and target price of USD412. CW, headquartered in North Carolina but with broad U.S. and global operations, generates ~55% of...
Key Points We’re maintaining our Neutral rating on shares of TXT after yesterday’s 3Q24 earnings call and reducing our target price by USD5 to USD85. After a meaningful reduction in 2024 EPS...
Key Points Q3'24 EBITDA and EPS miss on lower pigment and zircon volumes Q4’24 EBITDA guidance below consensus We rate Tronox shares Overweight; our 12-month target price is USD25 per share Summary Tronox reported Q3’24...
Key Points Q3’24 EBITDA and EPS miss on higher Hurricane Beryl impact Below consensus Q4’24 on slower than anticipated CAPV segment recovery We rate Olin shares Overweight, with a 12-month target price of...