JPMorgan Cuts Elbit Systems Price Target to $885 From $950
JPMorgan Chase cut its Elbit Systems price target to $885 from $950 while maintaining a neutral rating, aligning with a broader consensus of Hold calls. Shares fell 5.2% even after the company posted $4.14 EPS, topping the $3.69 estimate. Institutional investors hold 17.88%, and Orser Capital bought a $2.2M stake.