1138 GMT - Tensions with China and the possibility of recession should keep investors interested in defense, Vertical Research Partners says. The U.S. administration's China strategy is likely to sustain modest budget growth for the defense department going forward, Vertical says. In addition, the trade war is likely to result in slower global GDP growth, so the defense sector will look relatively more attractive to investors versus more cyclical names. Vertical shifts to a more positive stance on defense, and reinstates BAE Systems as its top investment pick in the sector. (by alistair.macdonald@wsj.com )
(END) Dow Jones Newswires
April 14, 2025 07:38 ET (11:38 GMT)
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