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Stock impact report

Why Leonardo DRS (DRS) Stock Is Trading Up Today [Yahoo! Finance]

Leonardo DRS, Inc. (DRS) 
Company Research Source: Yahoo! Finance
Securities raised its price target on the defense contractor's shares to $55 from $50 while keeping its Buy rating. The firm pointed to rising Middle East tensions and geopolitical instability as factors that were expected to speed up demand for the company's products. Specifically, BofA noted increased interest in naval platforms, air and missile defense, and systems designed to counter unmanned aircraft. Adding to the positive news, Leonardo DRS also announced the introduction of its THOR computing chassis, a new high-performance system designed for use at the tactical edge. The shares closed the day at $46.33, up 4.8% from previous close. Is now the time to buy Leonardo DRS? Access our full analysis report here, it's free What Is The Market Telling Us Leonardo DRS's shares are somewhat volatile and have had 12 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamental Show less Read more
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