Ducommun price target raised to $155 from $127 at B. Riley

B. Riley analyst Mike Crawford raised the firm’s price target on Ducommun (DCO) to $155 from $127 and keeps a Buy rating on the shares. Ducommun reported Q4 record revenue and EBITDA of $216M and $38M, driven by strong bookings across Military & Space, Commercial Aerospace, Structural Systems, and Electronic Systems, lifting backlog to $1.2B, the analyst tells investors in a research note. Margins expanded to 27.7% gross and 17.5% EBITDA, and the company plans a new five-year “Vision 2032” strategy to further grow proprietary products, margins, and free cash flow, while commercial aerospace growth is tempered by 737 MAX destocking, the firm says.