Cantor Fitzgerald upgraded Amentum (AMTM) to Overweight from Neutral with a price target of $35, up from $25. The firm cites the stock’s valuation and the company’s near-term space and nuclear catalysts for the upgrade. Amentum shares have lagged due to a mix of government efficiency concerns and shareholder concentration overhang, the analyst tells investors in a research note. However, Cantor believes the majority of the concerns have been de-risked with Amentum’s Space Launch System program funded through 2030 by the One Big Beautiful Bill.
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