Truist lowered the firm’s price target on Air Transport Services to $14 from $20 and keeps a Hold rating on the shares as part of a broader research note on Aerospace and Defense names. The firm warns of a potentially challenging set-up for the sector heading into Q1 results, with commercial aero OEM exposed names being negatively impacted in the near-term by Boing’s (BA) MAX uncertainty, which may prompt caution regarding 2024 outlook commentary, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ATSG:
- Air Transport Services delivers additional Boeing 767 Freighter to DHL
- Air Transport Services price target lowered to $14 from $15 at Susquehanna
- Air Transport Services sees FY24 EPS 55c-80c, consensus $1.58
- Air Transport Services sees FY24 adjusted EBITDA $506M vs. $562M in FY23
- Air Transport Services reports Q4 EPS 18c, consensus 28c