RBC Capital analyst Ken Herbert raised the firm’s price target on Amentum (AMTM) to $24 from $22 and keeps a Sector Perform rating on the shares. The firm’s recent meeting with the management focused on the company’s free cash flow outlook, which “remains attractive” given Amentum’s clear path to de-leveraging, the analyst tells investors in a research note. Investors are focused on the implied second-half and FY26 organic growth as well as the lingering top-line risks from contract timing and the potential DOGE impact, RBC added.
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