Leonardo DRS price target raised to $49 from $40 at BTIG

BTIG analyst Andre Madrid raised the firm’s price target on Leonardo DRS (DRS) to $49 from $40 and keeps a Buy rating on the shares after its Q1 earnings beat. The company posted a 13th consecutive quarter of book-to-bill over parity, which is “even more impressive” when considering that sales last year grew 14.4% y/y, the analyst tells investors in a research note.