RBC Capital raised the firm’s price target on Ducommun (DCO) to $155 from $150 and keeps an Outperform rating on the shares. The company posted robust Q1 results, with $35.4M adjusted EBITDA beating consensus by 16%, the analyst tells investors in a research note. The strength in the quarter was driven by less-than-feared de-stocking in commercial aero, particularly from Airbus (EADSY), the firm added.
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