Leonardo SpA Az nom Post raggruppamento

LDO: XMIL (ITA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€19.00	Hwmhczq	Nfklxsbt

Leonardo: Reinitiating Coverage With a Narrow Moat and EUR 16.6 Fair Value Estimate

Loredana Muharremi

Dec 8, 2023

We are reinitiating coverage on Leonardo with a narrow moat and a fair value estimate of EUR 16.6 per share. This reflects anticipated higher defense spending due to global threats and expanding margins from improved product mix.

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