Rheinmetall price target raised to EUR 1,037 from EUR 650 at Stifel

Stifel raised the firm’s price target on Rheinmetall (RNMBY) to EUR 1,037 from EUR 650 and keeps a Buy rating on the shares. The German chancellor has proposed to activate an escape clause to raise military expenditure to above 3% of GDP from 2% amid continued pressure from the U.S., notes the analyst, who sees this scenario as not adequately reflected in the share price of Rheinmetall.