UBS believes that the 4th quarter results are in line. Following this publication, the analyst confirms his Buy recommendation on the share, with an unchanged target price of 1,220 pence.

BAE's results and forecasts are broadly in line. This should be reassuring and enable further performance' says UBS.

For 2024, BAE Systems anticipates sales growth of between 10 and 12%, underlying EBIT growth of 11 to 13% and underlying EPS growth of 6 to 8% compared with 2023.

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