Jefferies analyst Chloe Lemaire maintained a Buy rating on Leonardo Spa today and set a price target of €58.00.
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Chloe Lemaire’s rating is based on Leonardo Spa’s impressive third-quarter performance, where the company reported a significant year-over-year increase in EBIT, exceeding expectations by 16%. This strong financial result highlights the company’s robust operational capabilities and its ability to outperform market forecasts.
Despite maintaining its guidance, which suggests a softer performance in the upcoming quarter, the current results provide a solid foundation for future growth. The positive financial indicators and strategic positioning in the aerospace and defense sector contribute to the confidence in the company’s stock, justifying the Buy rating.
Lemaire covers the Industrials sector, focusing on stocks such as Airbus Group SE, Rheinmetall, and MTU Aero Engines. According to TipRanks, Lemaire has an average return of 37.6% and an 87.01% success rate on recommended stocks.
In another report released on October 23, Kepler Capital also maintained a Buy rating on the stock with a €58.00 price target.