Jefferies analyst Chloe Lemarie raised the firm’s price target on Rheinmetall (RNMBY) to EUR 1,700 from EUR 1,540 and keeps a Buy rating on the shares following the pre-release of the company’s Q1 results. The firm reiterated its sector Top Pick on the stock, noting that the adjusted EBITDA was 20% above consensus, and full year guidance was maintained.
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