Truist analyst Michael Ciarmoli raised the firm’s price target on Leonardo DRS to $24 from $22 and keeps a Buy rating on the shares. Truist maintains a positive view of the aerospace and defense sectors into 2024 given their respective long-cycle characteristics and positive investment attributes, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on DRS: