Leonardo upgraded to Buy from Hold at Jefferies
Jefferies analyst Chloe Lemarie upgraded Leonardo to Buy from Hold with a EUR 68 price target as part of a broader research note on European Aerospace and Defense electronics names. The firm is citing its strong preference for air defense/defense electronics over land, and with the reassurance from the new management that the strategy remains fully aligned with the Industrial Plan presented in March, the analyst tells investors in a research note. Opportunities for exports of the SAMP/T NG air and missile defense system, Eurofighter, and the removal of concerns over GCAP funding are all positives in the investment case on the stock, Jefferies added.
Jefferies analyst Chloe Lemarie upgraded Leonardo to Buy from Hold with a EUR 68 price target as part of a broader research note on European Aerospace and Defense electronics names.
The firm is citing its strong preference for air defense/defense electronics over land, and with the reassurance from the new management that the strategy remains fully aligned with the Industrial Plan presented in March, the analyst tells investors in a research note.
Opportunities for exports of the SAMP/T NG air and missile defense system, Eurofighter, and the removal of concerns over GCAP funding are all positives in the investment case on the stock, Jefferies added.