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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RNMBY:
- Rheinmetall price target raised to EUR 1,630 from EUR 1,410 at Berenberg
- Lockheed Martin Stock (LMT) Could be on the Defensive as Europe Looks to Re-Arm in the Age of Trump
- 3 U.S. Listed European Stocks Set to Benefit from Push to Make Europe Great Again
- Rheinmetall price target raised to EUR 2,000 from EUR 1,300 at Morgan Stanley
- Three European Defense Stocks on the Rise Amid Global Tensions