Truist on Amentum Holdings Inc. (AMTM): 'We Remain Bullish on Potential Upside'

Truist Securities analyst Tobey Sommer reiterated a Buy rating and $31.00 price target on Amentum Holdings Inc. (NYSE: AMTM).

The analyst commented: "We reiterate our Buy rating following a NDR with CEO John Heller, CFO Travis Johnson, and SVP of IR Nathan Rutledge. Management asserted the company's scope of work aligns with DOGE initiatives while revenue exposures should be insulated in an America First administration. As a combined entity, we see the business increasing the efficiency and volume of bids and expanding into new types of work. We remain bullish on potential upside to the synergy targets and the company's position in the energy/environmental market. Our PT of $31 assumes a 10.3x our CY25 estimates, a 12% discount to peers."

For an analyst ratings summary and ratings history on Amentum Holdings Inc. click here. For more ratings news on Amentum Holdings Inc. click here.

Shares of Amentum Holdings Inc. closed at $22.79 yesterday.

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