Morgan Stanley Adjusts Leonardo DRS Price Target to $44 From $47
Morgan Stanley lowered its price target for Leonardo DRS from $47 to $44. The stock closed at $34.94 on October 14, 2026, with a 5-day change of -0.63% and a year-to-date change of -2.59%. The company has various composite ratings based on valuation, EPS revisions, and visibility.
How this was made
The 30-second read
Why it matters
The target reduction reflects a more cautious outlook on earnings growth and valuation multiples.
Market read
Analyst target changes can trigger short-term price moves, making this a moderate‑impact news item for traders.
What to watch
Potential upcoming contract wins or defense spending increases could offset the downgrade.
Background
Leonardo DRS is a defense technology firm listed on NASDAQ. Morgan Stanley's coverage includes valuation and EPS revisions.
Market effects
May weigh on other defense contractors as analysts reassess sector valuations.
Limited to US defense and aerospace equities.
Minimal global impact beyond sector peers.
Counterpoint
Some investors may view the target cut as an overreaction if recent earnings beat expectations.
Key entities
- companyLeonardo DRS
US-listed defense technology firm (NASDAQ:LDRS).
- analystMorgan Stanley
Investment bank providing the price target revision.



