Market News / Story
Leidos downgraded by J.P. Morgan as defense stocks face rocky earnings season
Seeking Alpha ·
Seeking Alpha reports: J.P. Morgan Chase sees a challenging third-quarter earnings season for aerospace and defense companies as slowing airline traffic growth, uncertainty over U.S. military spending and lingering supply-chain constraints weigh on investor sentiment. In an Oct. 8 research report, Seth M. Seifman, J.P. Morgan's lead aerospace and defense analyst, said most companies should deliver solid quarterly results and express confidence in underlying demand. However, encouraging…