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Key Points Consensus 2024 estimates undemanding and normal earnings power not fully appreciated, in our view Near-term debt maturity fears overblown; Americas Styrenics JV sale could be a major share price upside...
Key Points We’re raising our rating on shares of AVAV to Overweight, from Neutral, following last night’s announced win on a key Army contract. We believe the award improves visibility to FY25...
Key Points We’re reducing our rating on shares of NOC to Neutral from Overweight, after a respectable recent run in the shares. We’ve updated our forecast for the first time post 2Q,...
Key Points Debt and Louisiana project IRR concerns overblown, in our view. Underperformance relative to Linde excessive and unjustified Earnings and valuation accretion from growth projects underappreciated We rate APD shares Overweight with...
Key Points We’re raising our rating on shares of MRCY to Overweight post the firm’s 4QFY24 earnings report last week, and increasing our target price by USD20 to USD48. We’ve raised our...