BAE downgraded on doubts over Typhoon orders from Saudia Arabia

Defence giant BAE Systems is unlikely to sell more Typhoon jets to Saudia Arabia because of political tensions with the UK, according to Credit Suisse. The impact of not landing a deal to sell more to the supersonic fighters has resulted in the broker downgrading the FTSE 100 business from “outperform” to “neutral” and cutting its target price from 590p to 460p.

See the full article at Telegraph