Deutsche Bank raised the firm’s price target on Rheinmetall (RNMBY) to EUR 1,950 from EUR 1,800 and keeps a Buy rating on the shares. Germany’s announcement of a Defense spending target of 3.5 % of GDP by 2029 is “a sizeable positive for Rheinmetall,” the analyst tells investors.
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Read More on RNMBY:
- Positive Outlook for Rheinmetall: Buy Rating Supported by Strategic Management and Forecasted Growth
- Rheinmetall AG: Strong Defense Drives Positive Earnings Call
- Rheinmetall price target raised to EUR 2,100 from EUR 1,400 at JPMorgan
- Rheinmetall’s Strong Defense Division Performance and Upward Potential Justifies Buy Rating