Aerojet Rocketdyne upgraded by Jefferies with a new price target
$AJRD
Military/Government/Technical
Industrials
Jefferies upgraded Aerojet Rocketdyne from Hold to Buy and set a new price target of $47.00 from $49.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/7/2022 | $40.00 → $49.00 | Neutral → Overweight | JP Morgan |
| 2/8/2022 | Hold → Buy | Jefferies | |
| 2/8/2022 | $49.00 → $47.00 | Hold → Buy | Jefferies |
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EL SEGUNDO, Calif., Dec. 16, 2020 (GLOBE NEWSWIRE) -- Major contract awards to support the nation’s heavy-lift exploration rocket and next-generation strategic deterrent programs were among the 2020 highlights for Aerojet Rocketdyne. Other contributors to another successful year in service to the nation were additional breakthroughs and contract awards in space exploration, missile defense, hypersonics and national security launch, as well as achieving a number of milestones on long-running space and defense production programs. The company produced more than 330 in-space engines and nearly 70,000 solid rocket motors this year. Aerojet Rocketdyne employees displayed great resilience and