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Rheinmetall price target raised to EUR 1,700 from EUR 1,540 at Jefferies

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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