Citi raises PTs on aerospace, defense firms
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 |
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