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ITA
Benzinga
154 days

This Defense Stock Could Hit $170 'Before Year-End,' Expert Explains Why

1. ITA has gained 5.43% YTD amid rising geopolitical tensions. 2. NATO's increased spending is boosting demand for defense sector companies. 3. RTX Corp is highlighted as a top pick, aiming for $170 by year-end. 4. Other defense stocks like Lockheed Martin and Northrop Grumman are benefiting. 5. Defense stocks are seen as core holdings due to military modernization.

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FAQ

Why Bullish?

The overall trend in defense spending suggests long-term stability and growth for ITA.

How important is it?

Geopolitical issues typically influence defense stocks positively, linking ITA's performance to national security trends.

Why Long Term?

Increased NATO spending and geopolitical tensions indicate sustained demand over years.

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