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Citi keeps faith in BAE and Babcock even under lower defence spending
Source: proactiveinvestors.com
Infrastructure & DefenseAnalyst InsightsCompany Fundamentals
Citi said BAE Systems and Babcock International would retain 'buy' ratings even if European defence spending undershoots the level currently priced in by markets. The view indicates the broker sees sufficient resilience in both companies' investment cases despite potential downside to regional defence-budget assumptions.
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