Leonardo DRS price target raised to $50 from $49 at BTIG

BTIG raised the firm’s price target on Leonardo DRS (DRS) to $50 from $49 and keeps a Buy rating on the shares after its Q2 earnings beat. Concerns remain around germanium supply, but enough stock exists internally to last the year, the analyst tells investors in a research note. BTIG adds that the management maintained its expectation of international sales growth outpacing that of the broader portfolio.