Michael Ciarmoli

Truist Securities analyst Michael Ciarmoli revised the price forecast on RBC Bearings Incorporated (NYSE:RBC) from $375 to $405, while keeping a Buy rating following the fourth quarter FY25 results reported on Friday. The analyst reported adjusted EPS of $2.83 beating the consensus of $2.70, while...

Defense contractors L3Harris Technologies, Inc. (NYSE:LHX) and Northrop Grumman Corp. (NYSE:NOC) are set to report fourth-quarter financial results on Thursday before the opening bell. Here's a look at what investors and analysts are looking for in the reports.  NOC: Analysts expect Northrop...

Two major defense contractors, RTX Corp. (NYSE:RTX) and Lockheed Martin Corp. (NYSE:LMT) are set to report fourth-quarter financial results ahead of Tuesday's opening bell. Here's a look at what investors will be watching in the reports.  RTX: RTX has seen solid order growth due to rising...

President Donald Trump has called for NATO members to significantly increase their spending on defense, suggesting a target of 5% of gross domestic product to go toward military spending.  What To Know: Trump reiterated the 5% of GDP spending goal on Monday following his inauguration,...

Wall Street is anticipating the inauguration of President-elect Donald Trump and contemplating what potential impacts the Department of Government Efficiency, led by Elon Musk and Vivek Ramaswamy, may have on defense contractors.  Truist Securities analyst Michael Ciarmoli is optimistic on the...

Virgin Galactic Holdings Inc (NYSE: SPCE) seems well-positioned to gain market share in the emerging commercial space tourism industry, according to Truist Securities. The Virgin Galactic Analyst: Michael Ciarmoli initiated coverage of Virgin Galactic with a Buy rating and $50 price target....