Notes
PENTAGON URGES MISSILE MAKERS TO BOOST OUTPUT
🔸 Pentagon asking suppliers to double or quadruple missile production amid concerns over potential conflict with China.
🔸 Request delivered in high-level meetings with top U.S. defense contractors.
🔸 Public companies involved include $BAESY, $BA, $GE, $GD, $HII, $LHX, $LMT, $NOC, $RTX.
#Downgrades - Oct 11, 2024
$ACDC: Stifel Downgrades to Hold from Buy - PT $7
$ALTM: KeyBanc Downgrades to Sector Weight from Overweight
$FLYW: Wells Fargo Downgrades to Equal Weight from Overweight - PT $18 (from $20)
$GD: Seaport Research Downgrades to Neutral from Buy
$GM: DZ Bank Downgrades to Hold from Buy - PT $49
$MBLY: Mizuho Downgrades to Neutral from Outperform - PT $13 (from $30)
$NAPA: RBC Capital Downgrades to Sector Perform from Outperform - PT $11.10 (from $11)
$SQM: JPMorgan Downgrades to Neutral from Overweight - PT $44 (from $55)


