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Investing.com -- Citi raised its price targets on shares of Curtiss-Wright, Karman Space&Defense, and L3Harris Technologies driven by improved earnings outlooks and expanding valuation multiples across the U.S. defense sector.

For Curtiss-Wright, Citi lifted its price target to $525 from $444. The brokerage noted this implies a roughly 20% discount to peers.

On Karman, Citi increased its price target to $58 from $46.50, citing stronger growth prospects following the acquisition of ISP and potential upside from demand tied to strategic missile systems and space launches.

The brokerage also lifted its earnings and adjusted EBITDA forecasts and raised its valuation multiple to 33x from 29x to reflect sector re-rating.

L3Harris Technologies saw its target raised to $280 from $245. Citi said its Command, Control, Communications, Computers and Cyber segment performed strongly in the first quarter and is well-positioned to benefit from rising international demand.

While its certain segments face temporary growth and budget pressures, the firm said these are expected to ease by 2026.

Citi remains constructive on the broader defense backdrop, citing low exposure to tariffs and supportive U.S. policy under the new administration.

L3Harris continues to benefit from a dynamic macro environment, as per analysts, while noting Curtiss-Wright’s valuation still leaves room for further upside and Karman is well positioned to capitalize on strategic defense spending.

This content was originally published on http://Investing.com