Bernstein raises US defense firms PT on higher demand in 2026

HUNTINGTON INGALLS INDUSTRIES

13/01/2026 12:16

** Bernstein raises PT on U.S. defense firms on expectations of higher demand in 2026

** Brokerage says while 2025 was volatile for defense with modest outperformance overall, 2026 sets up positively after President Donald Trump's post that he wants $1.5 trillion budget

** Adds that L3Harris Technologies LHX.N remains its top choice

** Bernstein says Russia threat has driven European stocks much higher, but has also helped U.S. stocks with rising export sales, which should continue

** "The Office of Management and Budget (OMB) director Vought suggested we could see another large reconciliation package for 2027, which could help passage of an increase," brokerage says

** Following are the new PTs:

Company Name
New PT
Old PT
Lockheed Martin LMT.N
$586
$545
L3Harris Technologies LHX.N
$398
$369
Northrop Grumman NOC.N
$727
$696
General Dynamic GD.N
$398
$388
Huntington Ingalls HII.N
$412
$362

 (Reporting by Parth Chandna)

 ((Parth.Chandna@thomsonreuters.com;))