Ducommun price target raised to $132 from $117 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Ducommun (DCO) to $132 from $117 and keeps a Buy rating on the shares. The firm’s Q4 Aerospace & Defense preview highlights favorable aerospace OE conditions, with supply below demand, while aftermarket growth outpaces global ASMs with strong pricing supporting margins, the analyst tells investors in a research note. Business jet demand remains solid amid tight supply, defense hardware growth is improving though margins face risk from shifting contracts, defense tech momentum emphasizes faster, commercial-style providers, and federal IT obligations continue under pressure, the firm says.