Bernstein: Leonardo's full-year performance in February is expected to exceed expectations again.

Bernstein's Adrien Rabier and Douglas S. Harned stated that Leonardo's third-quarter performance exceeded expectations, laying the groundwork for another surpassing of expectations for the full year performance announced in February. They noted that all sectors of this Italian aerospace and defense group have performed strongly. However, Leonardo reiterated its 2025 goals, indicating a sharp slowdown in the fourth quarter. These analysts wrote in a research report, "We see no reason for the fundamental trend to change this way." "We believe Leonardo's explanation that performance expectations will only be adjusted in the event of major changes is unconvincing, as it implies maintaining outdated targets."