Amentum price target raised to $42 from $34 at Truist

Truist raised the firm’s price target on Amentum (AMTM) to $42 from $34 and keeps a Buy rating on the shares. The firm adjusted ratings and targets in the government services sector as part of a 2026 outlook. Truist expects the One Big Beautiful Bill to create better organic growth expectations for the second half of 2026 and 2027. However, increased defense spending could mean further cuts to civil budgets, adds the firm. CACI is Truist’s favorite name in the group.