RBC Capital lowered the firm’s price target on Amentum (AMTM) to $28 from $35 and keeps a Sector Perform rating on the shares. The company’s Q2 revenues were flat y/y, with headwinds from divestitures and JV transition, the analyst tells investors in a research note. Amentum’s 1.2 book to bill and strong free cash flow were positives however, with deleveraging seen as the main focus for investors, the firm added.
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