Exploring The Profit Margins Of Leonardo DRS: Analysts Forecast Amid US Defense Spending Changes
Portfolio Pulse from Lekha Gupta
Truist Securities analyst Michael Ciarmoli initiated coverage on Leonardo DRS Inc (NASDAQ:DRS) with a Buy rating and a price target of $19. Ciarmoli is bullish on DRS' exposure to next-generation systems but cautious about management's ability to benefit from RADA acquisition and changes in US defense spending.
June 09, 2023 | 6:03 pm
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Truist Securities analyst Michael Ciarmoli initiated coverage on Leonardo DRS Inc with a Buy rating and a price target of $19, citing exposure to next-generation systems but cautioning on RADA acquisition and defense spending changes.
The Buy rating and price target of $19 by Truist Securities analyst Michael Ciarmoli indicate a positive outlook for Leonardo DRS Inc. The analyst's bullish stance on DRS' exposure to next-generation systems is a positive factor for the stock. However, caution on management's ability to benefit from the RADA acquisition and changes in US defense spending could create some uncertainty in the short term. Overall, the news is likely to have a positive impact on DRS' stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100