Jefferies analyst Chloe Lemaire has maintained their bullish stance on 0ONG stock, giving a Buy rating on October 6.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Chloe Lemaire’s rating is based on several key factors that suggest a positive outlook for Leonardo Spa. The company is expected to demonstrate solid financial performance in the upcoming quarter, with anticipated revenue growth of 5% and an increase in EBITA by 13%. These projections indicate that Leonardo Spa is on track to meet its financial guidance, which enhances investor confidence.
Additionally, while there are no immediate announcements expected regarding mergers and acquisitions, ongoing discussions suggest potential future growth opportunities. The stable financial guidance for the full year, with revenues projected at €18.6 billion and EBITA at €1,660 million, further supports the Buy rating. These factors combined suggest that Leonardo Spa is well-positioned for continued success, making it an attractive investment opportunity.
Lemaire covers the Industrials sector, focusing on stocks such as Airbus Group SE, Rolls-Royce Holdings, and SAFRAN SA. According to TipRanks, Lemaire has an average return of 41.2% and a 93.64% success rate on recommended stocks.
In another report released on October 6, Deutsche Bank also maintained a Buy rating on the stock with a €57.00 price target.