• (PLX AI) – Saab shares rose 1% as Bank of America analysts lifted their price target on the stock and reiterated a buy recommendation.
  • • Price target raised to SEK 400 from SEK 372
  • • Saab is likely to benefit from strong exposure to the Swedish defense budget, while also making good progress on large programs like the Gripen fighter, BofA said
  • • Short-term benefits will mostly involve higher service and spare parts as well as higher orders of already existing and quick-to-manufacture equipment to refill inventory gaps of weapons sent to Ukraine
  • • NOTE: Saab sub-supplier Kebni announced yesterday a supplementary order from Saab for NLAW missile components

Quelle: PLX AI