BUZZ-Jefferies starts aerospace parts maker Arxis with 'buy' rating

Arxis, Inc. Class A

Arxis, Inc. Class A

ARXS

0.00

** Jefferies start coverage on aerospace and defense parts maker Arxis ARXS.O with "buy" rating and a price target of $42

** PT represents a 18% premium to stock's last close

** Brokerage notes ARXS' diversified business, strong backing from a top investor and its in-house analytics system will support steady growth

** Expects revenue to grow by ~9% and EBITDA by ~13% annually, with margins reaching about 40% by 2028, along with additional growth from acquisitions

** The Arcline-backed manufacturer made its Nasdaq debut last month, opening at $38 per share