RBC Boosts Ducommun Target Price to $200.00
Royal Bank of Canada (RBC) has increased its price objective for Ducommun Incorporated's (NYSE: DCO) stock from $175.00 to $200.00, according to a report released by RBC on Friday.
This move indicates that RBC believes in the growth potential of Ducommun's aerospace business, which provides engineered products and integrated systems for various industries, including defense and space.
The price objective increase implies a potential upside of 1.93% from the company's current stock price, which is $196.22 as of Friday.