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Key Points We’re updating our forecast for NOC for the first time post 2Q earnings and raising our target price, though we’re maintaining our Neutral rating due to valuation concerns. Our...
Key Points Announced/speculated capacity rationalization in China and South Korea and cancellation of “at risk” projects key to inducing cycle tightness If all announced and speculated capacity shutdowns were to happen and...
Key Points We’re raising our rating on shares of LMT to Overweight from Neutral after a weak year for the stock, and after a quarter in which the company suffered meaningful...
Key Points We’re updating our forecast for HEI post yesterday’s 3QFY25 earnings call, and we're reiterating our Overweight rating on the shares. We’ve increased our forecast after a solid 3Q beat, and...
Key Points Share price decline overdone, valuation cheap, and debt levels manageable See company organically being able to pay down debt. If need be, asset sales could further accelerate debt paydown We rate...