Jefferies raises Elbit Systems PT on growing backlog, potential new contracts

Elbit Systems

23/03/2026 10:05

** Jefferies lifts price target on U.S.-listed Israeli defense firm Elbit Systems ESLT.O to $1,035 from $690, maintains "hold" rating

** New PT represents an upside of 12.4% from the stock's last close

** Brokerage says co's strong momentum should continue, driven by a growing backlog and potential new contracts, with land systems leading growth on rising European demand

** Adds elevated geopolitical tensions should continue to underpin ESLT's global growth and drive earnings upside

** One of 5 brokerages rate the stock "strong buy", four "hold"; their median PT is $580  - data compiled by LSEG

** As of last close, stock had risen 59.4% YTD

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))