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GE Aerospace has secured a $1.4 billion contract from the U.S. Naval Air Systems Command for T408 turboshaft engines for the CH-53K helicopters. The contract includes new production and spare engines, with assembly at GE's Massachusetts facility. The T408 engines provide improved fuel efficiency and reliability. This follows a previous $684 million contract for earlier lots announced in April 2023.
WD Rutherford LLC acquired a new stake in Lam Research Corporation (NASDAQ:LRCX) during the 3rd quarter, purchasing 8,316 shares valued at approximately $1.1 million. Other institutional investors also adjusted their positions in LRCX. Insider transactions included sales by Ava Harter and CFO Douglas R. Bettinger. Lam Research reported a quarterly EPS of $1.26, exceeding estimates, with revenue of $5.32 billion, up 27.7% year-over-year. The company declared a quarterly dividend of $0.26 per share, paid on January 7th.
Top Wall Street analysts have initiated coverage on several companies with varying ratings and price targets. Cantor Fitzgerald's Deepak Mathivanan rated Reddit Inc (RDDT) as Neutral with a target of $240. TD Cowen's Jared Levine rated Intuit Inc (INTU) as Buy with a target of $802. Seaport Global's Gerrick Johnson rated Polaris Inc (PII) as Buy with a target of $83. UBS's Nicholas Holowko rated Bread Financial Holdings Inc (BFH) as Buy with a target of $92. Stifel's Parker Lane rated Tyler Technologies Inc (TYL) as Buy with a target of $550.
Gladstone Institutional Advisory LLC reduced its stake in Thermo Fisher Scientific Inc. (NYSE:TMO) by 32.1% in Q3, now holding 4,069 shares valued at $1,974,000. Other institutional investors have also adjusted their positions. Analysts have set a consensus price target of $621.70 for TMO, with a majority rating it as a "Moderate Buy." The company reported Q3 earnings of $5.79 per share, exceeding estimates, and revenue of $11.12 billion, up 4.9% year-over-year. Thermo Fisher has declared a quarterly dividend as well.
Moody's (MCO) is gaining attention following multiple analyst upgrades, with expectations of increased debt issuance in 2026 potentially boosting revenue and earnings. Currently trading at $532.9, Moody's shows a 30-day return of 7.33% and a year-to-date return of 6.80%. The fair value is estimated at $545.5, indicating slight undervaluation. However, Moody's high P/E ratio of 42.4x raises concerns about future growth expectations. The analysis highlights risks from tighter private credit rules and rising AI competition, suggesting investors should consider these factors before making decisions.
