LeonardoADR Shares Gain Momentum Ahead of Earnings Report

LeonardoADR shares are demonstrating notable strength in pre-market trading, buoyed by two significant developments from yesterday. A substantial U.S. Army contract award and an analyst rating upgrade have generated positive sentiment ahead of the company’s quarterly results scheduled for October 29th.

Market researchers at Zacks Research upgraded their assessment of LeonardoADR from “Hold” to “Strong Buy,” aligning with a consensus price target of $46.75. This positive outlook follows earlier recommendations from Truist Financial, JPMorgan, and Weiss Ratings, which had already issued either neutral or buy ratings on the defense contractor’s equity.

Strategic Defense Contract Provides Foundation

The company secured a pivotal agreement yesterday to develop Vehicle Integrated Power Kits for the U.S. Army.... Read more...