New Horizon Aircraft Ltd. rose 3.21% in premarket trading. Jefferies upgraded BAE Systems shares from 'hold' to 'buy', with a target price raised by 26% to 2,060 pence, in a sector note on European aerospace and defense electronics stocks. The broker noted that BAE Systems' stock is trading at a 20% discount to its European peers, and budget priorities in the US favor its portfolio. The recent devaluation of defense stocks presents a tactical entry point, particularly for those with accelerating earnings trajectories, Jefferies continued, extending its valuation horizon to 2030.
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