Bank of America Securities analyst Ronald Epstein has reiterated their bullish stance on ESLT stock, giving a Buy rating yesterday.
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Ronald Epstein’s rating is based on Elbit Systems’ robust financial performance and strategic positioning in the global defense market. The company has shown consistent revenue growth and margin expansion, supported by a strong book-to-bill ratio exceeding 1.3x. This growth is fueled by increased defense spending in key markets such as Israel, NATO countries, and the U.S., which are expected to continue benefiting Elbit Systems.
Moreover, Elbit Systems’ “global and local” strategy enhances its competitive edge, particularly in Europe. The company’s partnerships with U.S. and European defense firms and its significant international manufacturing presence, including 1,800 employees across 11 European subsidiaries, position it well to capitalize on rising global defense expenditures. This is exemplified by a substantial contract with Airbus to supply self-protection systems for the German Air Force. Additionally, the Land segment’s impressive growth, with a 45% year-over-year increase, further supports the Buy rating, as demand for weapons restocking remains strong.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a ILA169,770.00 price target.