BTIG raised the firm's price target on Amentum to $35 from $30 and keeps a Buy rating on the shares. The company's legacy verticals - RDT&E, Intelligence Operations & Analysis, Homeland Security/Border Protection, Environmental Remediation, and Defense Engineering, Logistics & Modernization - generate $10B in sales with mid-to-high single digit margins and low-to-mid single digit growth, and this core foundation enables expansion into high-growth areas like Space Systems & Technologies, Critical Digital Infrastructure, and Global Nuclear Energy, which are expected to grow faster and drive overall margin expansion due to their accretive nature, the analyst tells investors in a research note.
