Reported 2 days ago
JPMorgan has initiated coverage of Elbit Systems Ltd. (NASDAQ: ESLT) with a Neutral rating and set a price target of $520. Despite the company's strong growth prospects, with projected sales growth driven by demand for military products, the stock has already risen 157% over the past year. Analyst Seth Seifman acknowledged Elbit's robust sales growth but indicated that better entry points may be sought, as he believes some AI stocks offer greater upside with lower risk.
Source: YAHOO