WS #15606
Defense stocks are seeing renewed institutional support as Barclays initiates coverage on RTX with an Overweight rating and a $223 price target, citing robust demand. This follows upgrades for Palantir and Rocket Lab, reinforcing the narrative that geopolitical escalation in the Middle East and Ukraine is driving sustained government spending. The sector is decoupling from broader tech weakness, offering a defensive growth play.
Defense Sector Momentum
Defense stocks are seeing renewed institutional support as Barclays initiates coverage on RTX with an Overweight rating and a $223 price target, citing robust demand. This follows upgrades for Palantir and Rocket Lab, reinforcing the narrative that geopolitical escalation in the Middle East and Ukraine is driving sustained government spending. The sector is decoupling from broader tech weakness, offering a defensive growth play.