European Defense Stocks Rebound on Morgan Stanley’s Bullish View
European defense stocks rebounded from a selloff after Morgan Stanley said the industry should benefit from countries restocking equipment they’ve donated to Ukraine and seeking to reduce their dependence on the US.
Analysts Ross Law and Marie-Ange Riggio reiterated their positive view on the industry in a note, citing shares of Rheinmetall AG and BAE Systems Plc as attractive.