Truist analyst Michael Ciarmoli raised the firm’s price target on Ducommun (DCO) to $76 from $70 and keeps a Buy rating on the shares after its Q1 earnings beat. Record quarterly margins helped to produce a solid bottom line beat, while the management reaffirmed its 2025 revenue growth outlook of mid-single-digit growth, the analyst tells investors in a research note. The strategy of increasing higher margin engineered content is working and tracking ahead of plan thanks to organic growth from recent acquisition, Truist adds.
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Read More on DCO:
- Ducommun price target raised to $84 from $83 at B. Riley
- Ducommun’s Strong Q1 Performance and Strategic Growth Outlook Justify Buy Rating
- Ducommun Reports Strong Start to 2025 with Record Margins
- Ducommun’s Earnings Call Highlights Growth and Challenges
- Ducommun reports Q1 adjusted EPS 83c, consensus 70c