Amentum price target raised to $34 from $30 at Truist

Truist raised the firm’s price target on Amentum (AMTM) to $34 from $30 and keeps a Buy rating on the shares. The firm is citing the company’s faster long-term organic growth outlook translating into a higher target multiple, the analyst tells investors in a research note. Truist further notes that the macro commercial tailwinds in nuclear and data centers and the government focus on space and missile defense is among the positive catalysts for the stock.