0947 GMT - BAE Systems guidance for 2025 is modest and unlikely to trigger material upgrades, Shore Capital analyst Jamie Murray says. The London-listed aerospace and defense manufacturer expects sales, EBIT and earnings per share to rise on-year by 7%-9%, 8%-10%, and 8%-10%, respectively, in line with Shore Capital's current forecasts. This means the stock is likely to trade in line or narrowly behind the market, he adds. While BAE Systems benefits from higher defense spending globally, its size and exposure to long-term contracts restrict its ability to rapidly grow the top-line, Murray says. Shares are down 1.2% at 13.21 pounds. (cristina.gallardo@wsj.com)
(END) Dow Jones Newswires
February 19, 2025 04:47 ET (09:47 GMT)
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