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Leonardo DRS Shares Soar 3.36% on Strong Q4 Earnings
Generated by AI AgentAinvest Movers Radar
Friday, Apr 11, 2025 6:43 pm ET1min read
Leonardo DRS(DRS) shares surged by 3.36%, reaching its highest level since February 2025, with an intraday gain of 4.03%.
Leonardo DRS's recent stock price surge can be attributed to several key factors. The company's strong Q4 earnings report, which showed a 5.9% year-over-year increase in revenues to $981 million, exceeded analysts' expectations by 4.9%. This robust financial performance has bolstered investor confidence in the company's growth prospects.
Additionally,
has maintained a buy rating on and adjusted its target price from $30 to $32. This positive outlook from a reputable financial institution further supports the upward momentum in the stock price. The combination of strong earnings and a favorable analyst rating has driven the recent increase in Leonardo DRS's share price.
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