Jefferies Raises Hensoldt to Buy, Cites Strong Order Flow and Robust Air-Defence Demand
Jefferies upgraded Hensoldt to Buy from Hold and set a €90 price target, saying substantial advance payments tied to strong 2025 order intake and about €48 billion of planned 2026 proposals support a more optimistic cash-flow outlook for 2026 than current guidance implies. The bank left most operating forecasts intact but trimmed 2026 earnings to r…