金吾财讯 | 航空航天与防务板块经历显著回调后，花旗对该板块部分子领域看法转向积极。尽管相关公司运营稳健、需求强劲，但估值已大幅压缩，花旗认为这为长期投资者提供了选择性买入窗口。
花旗分析师指出，商业航空交通量趋稳、军用航空需求走强，其中后市场服务类标的有望率先修复，这类股票即便一季度业绩亮眼，当前估值仍处于三至五年低位。该行对洛克希德・马丁、雷神技术等多家企业给出积极短期展望，认为近期股价下跌创造了布局契机。
花旗表示，地缘紧张及美国政治前景担忧压制板块估值，投资者情绪过度悲观，预计随着相关担忧缓和，防务股本季度晚些时候有望企稳。同时，该行上调波音目标价至 260 美元、豪梅特航空至 303 美元、航海者科技至 44 美元，下调洛克希德・马丁、诺斯罗普・格鲁曼目标价但维持买入评级。
整体来看，板块情绪与公司基本面存在脱节，商业航空、导弹系统等领域需求强劲，花旗预计航空航天类股票将率先反弹，防务股后续有望跟进。
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