LDO News & Analysis
2 articles
Market Mood
Leonardo (LDO) Stock Upgraded to Buy by Jefferies
Jefferies has upgraded Leonardo's stock (LDO) to a 'Buy' rating, citing the strength of its defense portfolio. The firm's analysis indicates that Leonardo's contracts within the defense sector are expected to drive sustained revenue growth. This upgrade could influence investor sentiment positively, potentially leading to increased trading volume in LDO shares. A Buy rating often leads to price increases, making it relevant for both short-term traders and long-term investors alike.
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Leonardo (LDO) to Increase Stake in National Strategic Hub to 35%
Leonardo (LDO) plans to acquire an additional 10% stake in the National Strategic Hub (PSN) from Sogei, raising its ownership from 25% to 35%. PSN is critical for Italy's cloud migration strategy, funded by approximately €2 billion ($2.3 billion) from the EU's post-pandemic Recovery Fund. Meanwhile, Poste Italiane aims to acquire a 20% stake in PSN from CDP and targets 65% ownership through a potential takeover of TIM, which holds a 45% stake. This restructuring is intended to streamline control over PSN's operations.
Read More: Leonardo (LDO) to Increase Stake in National Strategic Hub to 35%