RBC Capital Markets recommends Northrop Grumman, Raytheon Technologies, and Safran ahead of Q1 earnings, citing strong aftermarket and defense outlook.
RBC raised organic growth estimates for NOC Aeronautics and Defense Systems to 6% and expects adjusted EPS of $6.01 for the quarter.
RTX's Collins and Pratt & Whitney growth forecasts lifted to 9% and 7.5%, with a $230 price target at 28x 2028 FCF.
Safran's aerospace propulsion services growth estimate raised to 21% driven by 23% spare parts surge, with a €400 price target.