1149 GMT - All European defense groups should increase their guidance for sales and earnings in the coming years due to rising defense budgets, but it might not happen in 2025, J.P. Morgan analysts David Perry and Lucy Fitzgerald say. Each European country in the North Atlantic Treaty Organization will need to pass its own defense budgets, which often requires parliamentary approval, decide how to spend the extra cash and negotiate contracts with defense companies. "We believe that we will now enter a phase where valuation multiples increase, with earnings upgrades following in time," they say. J.P. Morgan lifted the share price target of the 10 European defense groups it covers, including Babcock International, BAE Systems, Rheinmetall, Thales and Leonardo. (cristina.gallardo@wsj.com)
(END) Dow Jones Newswires
March 03, 2025 06:49 ET (11:49 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。