Mixed Signals for Leonardo ADR: Analyst Upgrade Meets Insider Selling

Shares of Leonardo ADR (FINMY) advanced 1.10% yesterday, closing at $28.57. This upward move was primarily fueled by a significant price target increase from JPMorgan. However, the positive sentiment was tempered by regulatory filings revealing substantial stock sales by a key company executive.

JPMorgan issued a substantial revision to its outlook for the Italian aerospace and defense giant, raising its price target from ?47.50 to ?55.50. The investment bank reaffirmed its “Overweight” recommendation Read more...