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Key Points Strong share price rally and relatively rich valuation multiple suggests near-term good news may already be baked into valuation AC segment may witness margin compression in 2024 resulting in earnings...
Key Points History suggests that demand- and profitability-plagued periods, like 2022/2023, were followed by rapid margin and volume gains. The EU imposing anti-dumping duties on Chinese TiO2 could be the source of...
Key Points We’re updating our forecast for RTX for the first time post the firm’s 1Q24 earnings report and maintaining our Neutral rating. We’ve modestly increased our topline and adj. EBITDA...
Key Points We’re updating our GD outlook for the first time since the firm reported 1Q24 results, and we’re raising our target price by USD28 to USD324. We remain Neutral-rated as we’ve...
Key Points Consensus 2024 earnings estimates undemanding, in our view Earnings power on the back of recent acquisitions still underappreciated. Valuation highly attractive on a normal basis We rate WLK shares Overweight with...