TASE:ESLTAerospace & Defense
Assessing Elbit Systems (TASE:ESLT) Valuation After S&P Global Ratings Maalot Upgrades Credit Rating
S&P Global Ratings Maalot’s upgrade of Elbit Systems (TASE:ESLT) to an ilAAA long term rating, with a stable outlook and a reaffirmed ilA-1+ short term rating, has sharpened investor focus on the stock.
See our latest analysis for Elbit Systems.
The ilAAA upgrade arrives just after a strong run, with Elbit Systems’ share price up 22.4% year to date and a 1 year total shareholder return of 69.8%. However, the 30 day share price return is down 13.9%, hinting that momentum has cooled slightly in...