Key Points We are terminating coverage of Transdigm (TDG; previously Rated Neutral) due to a change in research focus. Going forward, we will no longer maintain an investment rating or target price....
Key Points Earnings revisions may have troughed with OLN shares in deep value terrain Trough (and peak) earnings power of the company not fully appreciated, in our view We rate OLN shares Overweight...
Key Points We’re updating our forecast for HWM post last week’s 2Q25 earnings call and we’re also reiterating our Overweight rating on the shares. Our target price rises USD29 to USD216 on...
Key Points We’re reiterating our Overweight rating for HII post the firm’s 2Q earnings call yesterday, and we’re raising our target price by USD63 to USD328. We’ve edged our terminal multiple up...
Key Points Q2'25 EBITDA and EPS miss Near-term outlook commentary was mixed We rate LYB shares Neutral with a 12-month target price of USD67 per share Summary LyondellBasell announced Q2’25 results this morning: Recurring EBITDA...
Key Points Q2’25 EBITDA miss; midpoint of Q3'25 guidance range below consensus EBITDA contraction observed across all three segments (y-o-y). Management commentary cautious We rate HUN shares Overweight with a 12-month target price...
Key Points Q3’25 EPS and EBITDA beat on strong base business performance Q4’25 guidance below consensus We rate Air Products shares Overweight, with a 12-month target price of USD375 Summary Air Products reported Q3’25 adjusted...
Key Points We’re reiterating our Overweight rating for BA post the firm’s 2Q earnings call earlier this week, and we’re raising our target price by USD7 to USD272 while continuing to...