2023-01-09 07:25:09 MOG.A Moog
01/09/23 01/0907:25 01/09/2307:25 | Moog price target raised to $85 from $80 at TruistTruist analyst Michael Ciarmoli raised the firm's price target on Moog to $85 from $80 and keeps a Hold rating on the shares as part of a broader research note titled "Aerospace & Defense 2023 Outlook - We Favor Defense and Aero Aftermarket". The challenges that wreaked havoc last year will continue to influence the sector in 2023, with a potential recession, ongoing supply chain pressures, and COVID recovery trajectory uncertainties warranting a cautious approach, the analyst tells investors in a research note. Investor mindset for 2023 should be focused toward defensive, best-of-breed, high quality, and recessionary-resistant names with a specific focus on relative outperformance, Ciarmoli adds. |
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