Amentum initiated with an Outperform at Citizens JMP

Citizens JMP initiated coverage of Amentum (AMTM) with an Outperform rating and $30 price target The company is a global leader in advanced engineering and innovative technology solutions, focused on solving challenges related to science, security, and sustainability, the analyst tells investors in a research note. The firm sees “several strong, fundamental aspects” to Amentum, including its recent “transformative merger,” which creates a “massive” services provider, attractive valuation; and defense priorities.