Amentum Holdings, Inc., the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Kristine Liwag from Morgan Stanley upgraded the rating on the stock to a Hold and gave it a $35.00 price target.
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Kristine Liwag’s rating is based on a balanced assessment of Amentum Holdings, Inc.’s current market position and future prospects. The decision to upgrade the stock to a Hold rating reflects a recognition of the company’s potential in the commercial nuclear power sector, which could help offset some of the anticipated shortfall in long-term revenue growth targets. The stock has shown significant gains recently, driven by strong quarterly results and positive market expectations in the nuclear sector.
Moreover, the risk-reward profile of Amentum Holdings has improved, with a Bull Case scenario suggesting a higher valuation potential and a Bear Case scenario being less severe than previously anticipated. The company’s role in significant nuclear projects and its relatively low recompete risk further support the Hold rating. These factors, combined with a stable core business, suggest limited downside risk, justifying the current valuation and the Hold recommendation.
Liwag covers the Industrials sector, focusing on stocks such as Firefly Aerospace, Inc., Boeing, and Lockheed Martin. According to TipRanks, Liwag has an average return of 13.9% and a 63.38% success rate on recommended stocks.
In another report released on November 24, Bank of America Securities also maintained a Hold rating on the stock with a $27.00 price target.