Reported about 6 hours ago
BAE Systems Plc experienced its largest stock decline in two years, as analysts from Bank of America downgraded the company's rating amid concerns over potential U.S. defense spending cuts led by Elon Musk. With the U.S. being BAE’s largest market, accounting for a substantial portion of its revenue, analysts expressed growing uncertainty about the impact of these budget changes on the company’s contracts.
Source: YAHOO