(CercleFinance.com) – Leonardo gains almost 2% in Milan while UBS confirmed this morning its ‘neutral’ advice on the stock while raising its price target from 10.55 to 16.3 euros.
‘We raise our target to 16.3E but reiterate our Neutral position because we believe that Leonardo’s valuation, after increasing from around 6.0x P/E 2024 to around 9.8x this year, now largely reflects the growth opportunities we see particularly in Helicopters & MBDA’ justifies UBS.
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