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.
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