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BAE Systems gained further ground after yesterday's rally as brokers welcomed confirmation from the UK government of a deal to supply Saudi Arabia with Eurofighter jets.
The weapons maker had rallied Wednesday on news of closer defence ties between the UK and Saudi governments. The British group was named prime contractor and a leading beneficiary.
Deutsche Bank repeated 'buy' advice and lifted its target price to 425p per share from 380p as it predicts further Eurofighter deals worth at least £5bn.
Morgan Stanley was similarly cheered, maintaining its 'equal-weight' rating as the deal came quicker than expected and should add at least £8bn in order backlog to BAE.
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