BUZZ-Morgan Stanley upgrades Amentum Holdings to 'equal weight'; raises PT

Reuters11-26
BUZZ-<a href="https://laohu8.com/S/MTK">Morgan Stanley</a> upgrades Amentum Holdings to 'equal weight'; raises PT 

** Morgan Stanley upgrades government contractor Amentum Holdings AMTM.N to "equal weight" from "under weight"; raises PT to $35 from $20

** Shares of AMTM up 2.5% at $30.75 premarket

** New price target represents almost 16.7% upside to stock's last close

** Brokerage sees AMTM as more balanced investment, with upside from nuclear projects and strong fundamentals

** Morgan Stanley forecasts revenue CAGR of ~2.3% (FY25–28), with 2027E EBITDA margin of ~8.1%

** 5 of 10 brokerages rate stock "buy" or higher, 5 "hold"; their median PT is $34 - data compiled by LSEG

** As of last close, AMTM stock up ~42.7% YTD

(Reporting by Anuj T in Bengaluru)

((anuj.t@thomsonreuters.com))

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