Aselsan Shares Rise After BofA Initiates Coverage with Buy Rating
Shares of Turkish defense contractor Aselsan (AELKY) surged on Thursday following a 'Buy' rating from Bank of America Securities, which set a price target of 575 liras. The stock climbed as much as 9.2% to reach 367.5 liras in Istanbul trading. The move by BofA reflects confidence in Aselsan's growth potential and strategic positioning within the defense sector. This marks an important development for a company that has been gaining traction amid regional geopolitical dynamics and increased demand for military equipment.
Tickers: $AELKY