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Stock impact report

Missile ‘megatrend' still underestimated despite Iran conflict, says Citi [Yahoo! Finance]

L3Harris Technologies, Inc. (LHX) 
Last l3harris technologies, inc. earnings: 2/4 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Recent events in the Middle East have only reinforced an armaments megatrend, analysts at Citi believe, arguing growth expectations across the sector still look too conservative. The bank flagged RTX Corp (NYSE:RTX, XETRA:5UR) L3Harris Technologies Inc (NYSE:LHX, XETRA:HRS) Lockheed Martin Corp (NYSE:LMT) , Karman Holdings Inc (NYSE:KRMN), and Ducommun Inc (NYSE:DCO) as particularly sensitive to the theme, given their exposure to missile and interceptor systems. According to a separate note from Jefferies, US strikes on Iran are likely to reinforce, rather than radically accelerate, rising demand for missiles and interceptors. Nevertheless, Citi argued that the escalating Iran conflict and rising urgency around stockpile replenishment are strengthening multi-year demand signals. Yet, despite “positive thematics, incremental award activity and now escalating conflict”, consensus forecasts still model a deceleration in growth at key missile segments. Citi analysts highlight d Show less Read more
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