** Citi raises price targets on aerospace and defense firms such as Boeing BA.N, Curtiss-Wright CW.N, L3Harris LHX.N, General Dynamics GD.N, RTX Corp RTX.N, Leidos LDOS.N, and TransDigm Group TDG.N
** Says momentum in the sector remains strong, with rising commercial production, robust aftermarket activity and solid demand in business jets and defense
** Says it is monitoring whether Boeing can sustain 737 production at 38/month with all key performance indicators in the green and a path to 42/month by year-end
** Also says it is tracking General Dynamics' resilience of business jet cycle, ability to deliver on strong backlogs, influence of global conflicts on international defense demand and potential risks from tariff exposure
** As of last close, S&P 500 Aerospace & Defense (Industry) .SPLRCAED was up 27.6% YTD
Companies | New PT | Old PT | Rating |
Boeing | $270 | $220 | Buy |
Curtiss-Wright | $568 | $525 | Buy |
General Dynamics | $348 | $330 | Buy |
L3Hariss | $300 | $280 | Buy |
Leidos | $190 | $186 | Buy |
RTX | $182 | $148 | Buy |
TransDigm | $1,795 | $1,635 | Buy |
(Reporting by Apatim Sarkar)
((Apratim.Sarkar@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.