Leonardo price target raised to EUR 58 from EUR 55 at Jefferies

Jefferies raised the firm’s price target on Leonardo (FINMY) to EUR 58 from EUR 55 and keeps a Buy rating on the shares. Civil aerospace momentum is accelerating, aftermarket upgrades are broad-based, and defense valuations “offer good entry points into an attractive supercycle,” the analyst tells investors in a sector note. In addition to making two upgrades, the firm raised price targets across key names in its European Aerospace & Defense coverage.