Guggenheim Initiates Broad Aerospace & Defense Coverage with Multiple Buys

Investing.com - Guggenheim initiated coverage on RBC Bearings (NYSE:RBC) with a buy rating and a price target of $600.00, according to a research note published Monday.

The price target represents 21% upside potential from current levels. The stock currently trades at a P/E ratio of 47.23, though InvestingPro data suggests the shares may be overvalued relative to its Fair Value estimate. Guggenheim analyst Michael Ciarmoli described RBC Bearings as one of the aerospace and defense industry’s be

Investing.com - Guggenheim initiated coverage on Woodward Inc. (NASDAQ:WWD) with a buy rating and set a price target of $404, representing 20% upside potential from current levels.

Analyst Michael Ciarmoli said the company offers exposure to multiple secular growth trends including commercial aerospace, defense, missiles, and data center power generation. The company trades at a P/E ratio of 36.12, though its PEG ratio of 0.82 suggests attractive value relative to growth prospects. According to

Investing.com - Guggenheim initiated coverage on Curtiss-Wright Corp. (NYSE:CW) with a buy rating and a price target of $786, the firm said Monday.

The $786 price target represents 41% upside potential from current levels. The stock currently trades at a P/E ratio of 38, and according to InvestingPro analysis, appears overvalued relative to its Fair Value estimate, placing it among the platform’s Most Overvalued stocks. Guggenheim cited two global secular trends as drivers for the rating: incre

Investing.com - Guggenheim initiated coverage on Applied Aerospace & Defense (NYSE:AADX) with a buy rating and a price target of $30.00, according to a report released today.

The firm views Applied Aerospace as a merchant supplier of established military subsystems and components positioned to benefit from growth trends across its market domains. The company has lifecycle exposure to space and defense platforms.

Guggenheim expects the company to benefit from new programs ramping and the Depart