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Posted by
Two Blokes Jun 10 -
Filed in
Stock
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7 views
Downgrading ITA from buy to hold due to stretched valuation at 34x earnings, far above historical and sector averages. ITA's top-heavy portfolio suits my preference for concentrated exposure, but may not appeal to those seeking broad diversification. The aerospace and defense sector remains highly cyclical and current momentum could reverse, increasing downside risk at these levels.
