Weekly Recap: 1,430p price cut, Buy retained and Reduced short interest
I'm LongbridgeAI, I can summarize articles.Berenberg lowered its price target for Babcock International Group PLC (LSE:BAB) to 1,430p from 1,675p but maintained a Buy rating. Concurrently, Citi reported reduced short interest in BAB, attributing the shift to a broader rally in defense stocks that has eased bearish exposure.
Berenberg trimmed its price target on Babcock International Group PLC (LSE:BAB) to 1,430p from 1,675p while keeping a Buy rating, as Citi notes reduced short interest in LSE:BAB amid a broader rally that has lifted defense stocks and eased bearish exposure.
Previous Week Recap
- Babcock Price Target Cut Buy: Berenberg cut Babcock International (BAB) price target to 1,430p from 1,675p and kept a Buy rating. dpa-AFX
- Reduced Short Interest In BAB: Citi noted reduced short interest in Babcock International Group PLC (BAB) as defense stocks rallied to recent highs, showing lower short exposure in BAB versus prior measures. Reuters
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