Daily Archives: Tuesday, June 26, 2018 3:49pm

We have updated our view of Elbit Systems, accounting for the impact of IMI Systems and new announced orders on operating leverage and non-GAAP EPS. We hit on the key points that we believe will move the stock in 2018 based on how the stock has historically traded. Attached is an updated 13-page powerpoint presentation on the key issues that will affect Elbit’s adjusted EPS and valuation. All subscribers can access our full financial model. While our target is $130, but we see upside up to $134 based on 20x our 2019 non-GAAP EPS of $6.72. We believe upside is […]