Truist Securities Maintains Buy Rating for Ducommun: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Truist Securities has reaffirmed its Buy rating on Ducommun (NYSE:DCO) and increased its price target from $62.00 to $69.00. Ducommun's shares are currently trading at $48.78, up 0.41% over the last 24 hours. The new price target suggests a potential upside of 41.45% from the current share price. Ducommun specializes in engineering and manufacturing services for various industries, with a focus on aerospace and defense. The company's revenue is primarily generated from its Electronic Systems segment.
January 10, 2024 | 5:00 pm
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Truist Securities maintains a Buy rating on Ducommun and raises the price target to $69, indicating a significant potential upside from the current price.
The reaffirmation of a Buy rating and an increased price target by Truist Securities could lead to positive investor sentiment and a potential increase in the stock price in the short term. The substantial potential upside of 41.45% from the current trading price is likely to attract investor interest and could drive the price upward as the market reacts to the analyst's updated valuation.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100