Amentum (NYSE:AMTM) Coverage Initiated by Analysts at Raymond James

Raymond James initiated coverage on shares of Amentum (NYSE:AMTM) in a research report report published on Thursday morning, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $30.00 target price on the stock.

Separately, Truist Financial assumed coverage on shares of Amentum in a research note on Monday, October 14th. They set a “buy” rating and a $31.00 target price on the stock.

Amentum Price Performance

NYSE AMTM opened at $25.19 on Thursday. Amentum has a fifty-two week low of $21.24 and a fifty-two week high of $34.50.

Hedge Funds Weigh In On Amentum

Hedge funds have recently modified their holdings of the business. Arrow Financial Corp acquired a new position in Amentum in the third quarter valued at $26,000. US Bancorp DE acquired a new position in Amentum in the third quarter valued at $30,000. Anchor Investment Management LLC acquired a new position in Amentum in the third quarter valued at $32,000. Signaturefd LLC acquired a new position in Amentum in the third quarter valued at $33,000. Finally, Glen Eagle Advisors LLC acquired a new position in Amentum in the third quarter valued at $35,000.

About Amentum

Amentum Holdings, Inc provides engineering and technology solutions to address challenges in science, security, and sustainability. It serves various markets, such as energy and environment, space, intelligence, defense, civilian, commercial, and international markets. The company was incorporated in 2010 and is headquatered in Chantilly, Virginia.