Hensoldt downgraded to Sell from Neutral at Citi

Citi downgraded Hensoldt (HAGHY) to Sell from Neutral with an EUR 88 price target The most likely outcome at the Hague summit is that NATO announces defense spending targets of 3.5% of GDP, plus 1.5% on security-related spend, the analyst tells investors in a research note. The firm believes the stock is pricing in more growth than seems likely with that amount of spending, even assuming market share gains.