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Stock impact report

Drone maker Leonardo sees its rating raised at Bank of America, shares jump [Yahoo! Finance]

Leonardo DRS, Inc. (DRS) 
Company Research Source: Yahoo! Finance
The upgrade comes amid Leonardo's growing focus on shipbuilding and defense technology modernization, which BofA believes will benefit the U.S. defense contractor, particularly through its involvement with the Columbia-class submarine program. “We expect the Columbia-class submarine, which accounts for ~10% of DRS revenue, to continue to be well funded and support mid-to-high single digit growth at Integrated Mission Systems (IMS),” BofA analysts led by Ronald J. Epstein said in a note. “In our view, DRS is the best way for investors to gain exposure to US Navy demand, and we think the recent stock pullback provides an attractive opportunity,” they added. BofA's upward revision follows the announcement by former President Trump regarding Read more
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