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Key Points We’re downgrading our rating on shares of HII to Neutral after a disappointing third quarter earnings call that saw shares crash 26%. Performance at the Newport News yard, in particular,...
Key Points We are reiterating our Overweight rating on shares of RTX after last week’s 3Q24 earnings release and we’re raising our target price by USD8 to USD142. We’ve increased our terminal...
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...