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Westhouse Securities reiterated its “buy” rating following the news that Kurdistan and Iraq had reached agreement on oil exports and budget. The broker stated that the company was “best positioned to benefit from these positive developments in Kurdistan”.
Besi Research reiterated its “buy” rating, and stated that BAE had “outperformed the market in each of the last three years”. The broker also argued that there was “still a further leg higher once BAE re-establishes some modest degree of revenue growth”.