LONDON (dpa-AFX Broker) - Citigroup has upgraded TKMS from "Neutral" to "Buy," while maintaining a price target of 100 euros. In a research note published on Wednesday, analyst Charles Armitage also issued "Buy" recommendations for defense contractors Babcock and Leonardo. The expert justified the now-positive stance on submarine manufacturer TKMS by citing the recent decline in share price, which he believes has created sufficient upside potential. The analyst applied the same rationale to his ratings for Babcock and Leonardo./tih/gl

Original study published: 31.03.2026 / 11:35 / ET First dissemination of original study: 31.03.2026 / 11:35 / ET

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