Broker snap: BAE surge is over
Free email from MoneyWeek
Money
Morning is the FREE daily email from MoneyWeek – a punchy round-up
of the latest investment news and profit opportunities. DON’T MISS
IT!
This genius investor does dizzying levels of research to uncover...Half Price Shares!
Morgan Stanley has lowered its rating on BAE Systems to 'equal-weight' from 'overweight', citing the defence and aerospace firm's recent strong performance.
The broker, which keeps its target price on the company at 540p, noted that BAE had outperformed European peers by 10% in the past year, adding that it saw little scope for further gains.
(Article continues below)Advertisement
It recommended buying shares in Rolls-Royce, which it has upgraded to 'overweight' from 'equal-weight', instead, citing the aerospace engineer's strong results, orders and balance sheet.
It raised Rolls' price target to 520p from 500p.
FREE! For all our latest advice on making profitable investments, claim your 3-week FREE trial of the MoneyWeek website and magazine now.
Money Morning is the FREE daily email from MoneyWeek
– a punchy round-up of the latest investment news and profit opportunities.
DON’T MISS IT!
