Analyst Chloe Lemaire of Jefferies maintained a Buy rating on Leonardo Spa, retaining the price target of €55.00.
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Chloe Lemaire’s rating is based on several factors that highlight Leonardo Spa’s promising outlook. The company is anticipated to demonstrate a 6% increase in revenue and a 9% growth in EBIT for the second quarter, indicating strong financial performance and effective execution of its strategies. This growth trajectory suggests that Leonardo Spa is on track to meet its financial guidance, reinforcing confidence in its operational capabilities.
Furthermore, the focus on mergers and acquisitions (M&A) and strategic partnerships is expected to play a crucial role in Leonardo’s future growth. These initiatives are likely to enhance the company’s market position and drive long-term value creation. As such, Chloe Lemaire sees these factors as key drivers for recommending a Buy rating on Leonardo Spa’s stock.
According to TipRanks, Lemaire is a top 25 analyst with an average return of 40.1% and a 92.72% success rate. Lemaire covers the Industrials sector, focusing on stocks such as MTU Aero Engines, Rheinmetall, and Airbus Group SE.