Leonardo DRS price target raised to $55 from $50 at BofA

BofA raised the firm’s price target on Leonardo DRS (DRS) to $55 from $50 and keeps a Buy rating on the shares as the firm rolls forward its valuation to reflect 2027. Escalating Middle East tensions and geopolitical instability appear poised to accelerate demand for naval platforms, air and missile defense, and counter unmanned aircraft systems systems served by DRS, the analyst tells investors.