Oppenheimer analyst Christopher Glynn initiated coverage of Graham (GHM) with an Outperform rating and $100 price target The firm says Graham is well along, but still mid-stream, enacting a productive, focused, and structural vitalization of both demand stream alignments and requisite asset quality to support 11% 2026 EBITDA margin compared to (4%) in FY22 and mid-single digit in 2021/2023. Mix shift reflects invigorated positioning with U.S. Navy and Q1 2022 Barber-Nichols acquisition.
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