Analyst Support for Astronics: Truist Significantly Raises Price Target to $49 Due to Increased Production Rates of the Boeing 737MAX.

The small-cap company Astronics (ATRO;i) is a technology firm that develops, manufactures, and integrates innovative systems and solutions for the aerospace and defense sectors. Major customers include large aircraft manufacturers such as Boeing and Airbus, airlines, and the military. The portfolio includes electrical power supply systems, lighting and safety systems, avionics, connectivity solutions, structural components, and automated test systems for military applications. Astronics was able to nearly double its military revenue in the first...