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Leonardo DRS Shares Surge on Price Target Hike

Published 2 days, 1 hour ago
Description

Leonardo DRS shares surged 4.9% after Bank of America Securities raised its price target, citing growing Middle East tensions and global instability as drivers for demand in naval platforms, air and missile defense, and counter-drone systems. The company also unveiled its new THOR computing chassis. Despite broader market struggles, Leonardo DRS has surged 33.2% this year and trades near its 52-week high, keeping investors eyes on potential further gains.

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