Barclays Starts Coverage on Four European Defence Firms, Sees Upside Despite Near-Term Weakness
Barclays has initiated coverage on four European defence companies and upgraded one existing name, arguing that the sector is moving beyond an 'easy trade' phase. The bank put Kongsberg, Babcock and Renk at Overweight, started Chemring at Underweight and upgraded Saab from Underweight to Overweight. While shares have de-rated from January 2026 peak…