Goldman Sachs initiated coverage of BAE Systems (BAESY) with a Buy rating and 2,270 GBp price target The firm says the Europe defense industrial group is experiencing its most significant rearmament cycle since the early Cold War build-up. Goldman is constructive on the sector, but believes high stock valuations warrant a selective approach.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAESY: