Amentum selloff creating buying opportunity, says Raymond James

Amentum (AMTM) reported its inaugural quarterly results, with Q4 revenue that beat estimates by 3.6%, AEBITDA that beat by 8.7%, and margins of 7.8%, hitting the core tenants of Raymond James’ initiation less than a month ago supporting the view of low-single to mid-single digit organic growth, margin expansion, and a highly visible stream of free cash flow to de-lever, the analyst tells investors in a research note. While the stock is giving up its gains since the initiation, the firm still sees meaningful upside, and says the selloff is creating a buying opportunity. Raymond James reiterates a Buy rating and $30 price target