Jefferies analyst Chloe Lemaire maintained a Buy rating on Rheinmetall today and set a price target of €2,250.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Chloe Lemaire’s rating is based on several factors that indicate a positive outlook for Rheinmetall’s stock. Despite some challenges, such as pending approvals in Murcia and delays in truck call-offs, the company is expected to achieve a 12% growth in sales for the third quarter. This growth trajectory suggests resilience and potential for continued expansion.
Furthermore, the company’s full-year outlook remains robust, which supports the confidence in its future performance. The combination of these factors underpins the Buy rating, as they reflect Rheinmetall’s ability to navigate current hurdles while maintaining a strong growth path.
In another report released on September 26, Morgan Stanley also maintained a Buy rating on the stock with a €2,200.00 price target.