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JP Morgan hikes targets for defence stocks on European spending hopes

By Benjamin Chiou

Date: Monday 03 Mar 2025

(Sharecast News) - JPMorgan has hiked target prices across the listed European defence sector by an average 25% on the back of an anticipated "rearmament cycle" across the continent.
JPMorgan raised target prices for the following UK stocks: Babcock (from 760p to 900p), BAE Systems (from 1,630p to 1,725p), IMI (from...

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