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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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