BofA raised the firm’s price target on Amentum (AMTM) to $27 from $26 and keeps a Neutral rating on the shares. While the firm looks positively on the company’s deleveraging and free cash flow improvement and says it appreciates Amentum’s exposure to secular trends, including Trump DoD priorities and “the Energy Trilemma,” it anticipates meaningful growth opportunities will take time to materialize. The firm’s raised target accounts for the market premium Amentum’s nuclear exposure affords, the analyst added.
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