Fly News Breaks for September 10, 2019
Sep 10, 2019 | 06:37 EDT
JPMorgan analyst Benjamin Arnstein started Aerojet Rocketdyne with a Neutral rating and $52 price target. The analyst believes Aerojet is in a favorable position heading into 2020 based on growing missile defense programs and potential capital deployment catalysts. However, he thinks potential upside is well appreciated by the market at current valuation levels. As such, Arnstein prefers to wait for a better entry point.
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