European Defense Stocks Will Get Boost From 'Buy European' -- Market Talk

Dow Jones

Mar 10, 2025

0655 GMT - European military budgets will grow at least at a high-single-digit until 2035, in parallel with a push by regional governments to order European defense equipment over U.S. kit, boosting European defense stocks, Berenberg analysts say. They note that Britain's commitment to raise U.K. defense spending to 2.5% of its gross domestic product by 2027 was higher than they anticipated, and will benefit QinetiQ and Babcock International in particular, which get more than half of their revenue from the U.K. Ministry of Defence. Berenberg upgraded Babcock International to buy from hold, saying consensus growth estimates are too low, and downgraded BAE Systems and Chemring to hold from buy due to defense budget uncertainty in the U.S., which provides the highest share of their revenue. Its top pick is German arms maker Rheinmetall. (cristina.gallardo@wsj.com)

(END) Dow Jones Newswires

March 10, 2025 02:57 ET (06:57 GMT)

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They note that Britain's commitment to raise U.K. defense spending to 2.5% of its gross domestic product by 2027 was higher than they anticipated, and will benefit QinetiQ and Babcock International in particular, which get more than half of their revenue from the U.K. Ministry of Defence. Berenberg upgraded Babcock International to buy from hold, saying consensus growth estimates are too low, and downgraded BAE Systems and Chemring to hold from buy due to defense budget uncertainty in the U.S., which provides the highest share of their revenue. Its top pick is German arms maker Rheinmetall. (cristina.gallardo@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 10, 2025 02:57 ET (06:57 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>European Defense Stocks Will Get Boost From 'Buy European' -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEuropean Defense Stocks Will Get Boost From 'Buy European' -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-10 14:57</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0655 GMT - European military budgets will grow at least at a high-single-digit until 2035, in parallel with a push by regional governments to order European defense equipment over U.S. kit, boosting European defense stocks, Berenberg analysts say. They note that Britain's commitment to raise U.K. defense spending to 2.5% of its gross domestic product by 2027 was higher than they anticipated, and will benefit QinetiQ and Babcock International in particular, which get more than half of their revenue from the U.K. Ministry of Defence. Berenberg upgraded Babcock International to buy from hold, saying consensus growth estimates are too low, and downgraded BAE Systems and Chemring to hold from buy due to defense budget uncertainty in the U.S., which provides the highest share of their revenue. Its top pick is German arms maker Rheinmetall. (cristina.gallardo@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 10, 2025 02:57 ET (06:57 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BAESY","symbol_name":"BAE Systems PLC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2518930452","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2518930452","pubTimestamp":1741589820,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0655 GMT - European military budgets will grow at least at a high-single-digit until 2035, in parallel with a push by regional governments to order European defense equipment over U.S. kit, boosting European defense stocks, Berenberg analysts say. They note that Britain's commitment to raise U.K. defense spending to 2.5% of its gross domestic product by 2027 was higher than they anticipated, and will benefit QinetiQ and Babcock International in particular, which get more than half of their revenue from the U.K. Ministry of Defence. Berenberg upgraded Babcock International to buy from hold, saying consensus growth estimates are too low, and downgraded BAE Systems and Chemring to hold from buy due to defense budget uncertainty in the U.S., which provides the highest share of their revenue. Its top pick is German arms maker Rheinmetall. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BAESY":"BAE Systems PLC","BK4187":"航天航空与国防"},"translate_title":"欧洲国防股将从“买入欧洲”中获得提振——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BAESY":0.6},"content_text":"0655 GMT - European military budgets will grow at least at a high-single-digit until 2035, in parallel with a push by regional governments to order European defense equipment over U.S. kit, boosting European defense stocks, Berenberg analysts say. They note that Britain's commitment to raise U.K. defense spending to 2.5% of its gross domestic product by 2027 was higher than they anticipated, and will benefit QinetiQ and Babcock International in particular, which get more than half of their revenue from the U.K. Ministry of Defence. Berenberg upgraded Babcock International to buy from hold, saying consensus growth estimates are too low, and downgraded BAE Systems and Chemring to hold from buy due to defense budget uncertainty in the U.S., which provides the highest share of their revenue. Its top pick is German arms maker Rheinmetall. (cristina.gallardo@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 10, 2025 02:57 ET (06:57 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}