BAE Systems: UBS upgrades stock

(CercleFinance.com) - UBS has upgraded its rating on BAE Systems shares from "neutral" to "buy", raising its corresponding target price from 795 pence to 1,050 pence, with the latter representing upside potential of 23% for the British defence group's stock.


"Investors overlook BAE given its dominant US & UK exposure, despite recent evidence pointing to its ability to benefit from macro upside," the broker summarises.


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