JPMorgan raised the firm’s price target on Elbit Systems (ESLT) to $930 from $580 and keeps a Neutral rating on the shares. The firm adjusted targets in the aerospace and defense group as part of a Q1 preview. “War-related market moves and sentiment swings should drive stocks at least as much as fundamentals,” the analyst tells investors in a research note. JPMorgan believes original equipment and engines “seem more protected” in aerospace.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ESLT:
- The Week That Was, The Week Ahead: Macro and Markets, April 12
- Elbit, Vor, Global-e, Sweetgreen, Immunovant: Insider Shake-Up
- Elbit Systems Stock Pops on News of $750 Million Rocket Deal
- Elbit Systems Wins $750 Million PULS Rocket Artillery Deal with Greece
- Elbit Systems awarded $750M contract to supply PLUS artillery rocket systems