Bank of America Securities analyst Ronald Epstein reiterated a Buy rating on Leonardo Drs today and set a price target of $50.00.
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Ronald Epstein has given his Buy rating due to a combination of factors that position Leonardo DRS favorably in the current geopolitical landscape. The alignment of the company’s capabilities with the U.S. government’s strategic initiatives, such as shipbuilding and air defense, suggests that DRS is well-prepared to meet immediate needs, supported by its past investments.
Additionally, DRS’s Electric Power & Propulsion business has shown strong performance, with promising future opportunities. The company’s strategic investments in its South Carolina facility are expected to enhance efficiency and volume, particularly for the Columbia program. Furthermore, DRS’s proactive measures in managing Germanium supply challenges demonstrate its preparedness to navigate potential material constraints, providing further confidence in its growth prospects.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $48.00 price target.