Leonardo DRS price target raised to $26 from $22 at BofA

BofA analyst Ronald Epstein raised the firm’s price target on Leonardo DRS to $26 from $22 and keeps a Buy rating on the shares after having attended the company’s first investor day and coming away with “a positive view on the company’s future.” The firm sees margin expansion opportunities on the Columbia class program and expects more acquisitions in the near future, the analyst tells investors following the event.