Avio shares gain 4% as Berenberg sees sustained demand for rocket motors

Investing.com -- Shares of Italian rocket motor maker Avio SpA rose 4% after Berenberg upgraded the company to "buy" from "hold", saying the shortage of solid rocket motors for missiles is structural and U.S. missile makers want an independent supplier. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » Berenberg said the shortage has deepened because of ongoing conflicts. It said Avio has the experience to take market share. Avio puts the combined U.S. and European shortfall of missile propellant at 3,400 tons a year through 2030, which is 40% wider than a year ago, the broker said. U.S.