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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...