Avio is trading at €32.41, up 5.81%, after Berenberg upgraded it to Buy from Hold.
- On October 26, the broker raised its price target to €39 from €33.
- Berenberg cited a structural shortage of solid-propellant rocket motors, worsened by ongoing conflicts, and stronger expected defense demand.
- Coverage linked the upgrade to Avio’s rally. The broader defense sector also gained, but the company-specific upgrade was the clearest reported catalyst.