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Key Points Capital allocation and IRR concerns being addressed, in our view. Underperformance relative to Linde should reverse Free cash flow generation should rev up FY2025 and beyond while debt levels should...
Key Points We’re updating our forecast for TDG for the first time post 1Q earnings. We’ve raised our target price by USD95 to USD1,463 as we raise our terminal multiple a...
Key Points We’re updating our forecast for BA after management commentary last week that indicated BA’s commercial supply chain is performing well, putting the firm in position to deliver more aircraft...
Key Points History suggests that demand- and profitability-plagued periods, like 2022-2024, were followed by rapid margin and volume gains Several countries imposing anti-dumping duties on Chinese TiO2 could be the source of...
Key Points We’re updating our forecast for HEI post the firm’s 1QFY25 earnings release for the first time. We’re also reiterating our Overweight rating on the shares. We’ve raised our target price...