** Wells Fargo cuts PTs of defense contractors to reflect updated industrial valuations and a lower outlook for defense manufacturing growth
** Earlier this month, the Pentagon said it was directing military leaders to draw up a list of potential cuts totaling about $50 billion from the upcoming budget for fiscal year 2026
** Amount would be redirected into programs aligned with President Donald Trump's priorities for national defense
** "Given how the administration accounted for other DOGE savings, we think the best interpretation is that funds will be reinvested back into other priorities with no net change in top line" - Wells Fargo
** S&P 500 Aerospace and Defense sector index .SPLRCAERO has risen 4.5% YTD and rose over 12% in 2024
Company | New PT | Old PT | Analysts' median PT (LSEG compiled data) |
General Dynamics GD.N | $244 | $276 | $284.50 |
Northrop Grumman NOC.N | $545 | $574 | $557.00 |
L3harris Technologies LHX.N | $269 | $300 | $256.76 |
Lockheed Martin LMT.N | $468 | $497 | $531.73 |
(Reporting by Aatreyee Dasgupta)
((Aatreyee.Dasgupta@thomsonreuters.com))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。