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bae systems shares drop as bank of america flags defense spending risks

BAE Systems Plc shares dropped 4.5%, marking the largest decline in two months, following a downgrade by Bank of America Corp. Analysts cited risks of potential US government spending cuts under Elon Musk's oversight. This sell-equivalent recommendation stands out, as only two other firms among 224 tracked by Bloomberg have issued negative ratings.
bloomberg.com
BAE Systems plc GBR Benjamin Heelan Elon Musk
Finance & Economy, Market Report
14:15 29.11.2024
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