Leonardo DRS Shares Soar 2.28% on Truist Financial's Buy Rating

Leonardo DRS(DRS) shares surged 2.28% today, marking the second consecutive day of gains, with a total increase of 3.84% over the past two days. The stock price reached its highest level since January 2025, with an intraday gain of 4.70%.

Truist Financial recently raised their target price on Leonardo DRS shares from $37.00 to $40.00 and issued a "buy" rating. This positive outlook from a major financial institution has likely contributed to the recent upward trend in the stock's performance. Investors often take such ratings as a signal of potential growth, leading to increased buying activity and driving up the stock price.