Goldman Sachs Reinstates Buy on European Defence Stocks

about 1 month ago

Bloomberg reporter Louise Moon

"there was a note overnight from Goldman Sachs and essentially reinstating a buy across a bunch of defence companies across Europe. They mentioned names such as BAE, Ryan Mattel, Melrose Industries, and Rolls-Royce, citing new technology, AI, and nation-state spending as key catalysts."

Goldman Sachs has reinitiated a buy recommendation on a range of European defence stocks including BAE Systems and Rolls-Royce. The note highlights transformative growth in the sector driven by new technologies and increased government spending.