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Key Points We’re reiterating our Overweight rating on shares of HEI post last week’s 3QFY24 earnings release, and we’re increasing our target price by USD39 to USD292. We’ve modestly decreased our 4QFY24...
Key Points Consensus 2024 estimates undemanding and normal earnings power not fully appreciated, in our view Near-term debt maturity fears overblown; Americas Styrenics JV sale could be a major share price upside...
Key Points We’re raising our rating on shares of AVAV to Overweight, from Neutral, following last night’s announced win on a key Army contract. We believe the award improves visibility to FY25...
Key Points We’re reducing our rating on shares of NOC to Neutral from Overweight, after a respectable recent run in the shares. We’ve updated our forecast for the first time post 2Q,...
Key Points Debt and Louisiana project IRR concerns overblown, in our view. Underperformance relative to Linde excessive and unjustified Earnings and valuation accretion from growth projects underappreciated We rate APD shares Overweight with...