Jefferies ups Hensoldt to 'buy' from 'hold' on 'attractive' pullback

Hensoldt AG

06/10/2026 07:15

** Jefferies upgrades German defense electronics maker Hensoldt HAGG.DE to "buy" from "hold", as a recent share price pullback creates an "attractive entry point"
** The brokerage notes that investor concerns regarding the company's back-end-loaded growth profile have largely dissipated following strong first-half execution
** Growing concerns around hybrid attacks and Baltic security should support demand for the firm's radar and electronic warfare portfolio, the broker adds
** The broker highlights the European defense sector has de-rated since mid-August leaving the stock trading near its lowest valuation since the recent NATO summit
** An expected guidance upgrade in the third quarter alongside a November investor day and potential new airborne surveillance orders act as key upcoming catalysts, Jefferies adds 
** Out of 17 analysts that cover the company, nine rate the stock "strong buy" or "buy", seven rate it "hold" and one rates the stock "sell"  - LSEG data

(Reporting by Maria Rugamer)
((Maria.Rugamer@thomsonreuters.com))