Jefferies raised the firm’s price target on Rheinmetall (RNMBY) to EUR 2,250 from EUR 1,880 and keeps a Buy rating on the shares. Civil aerospace momentum is accelerating, aftermarket upgrades are broad-based, and defense valuations “offer good entry points into an attractive supercycle,” the analyst tells investors in a sector note. In addition to making two upgrades, the firm raised price targets across key names in its European Aerospace & Defense coverage.
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Read More on RNMBY:
- Rheinmetall price target raised to EUR 2,200 from EUR 2,000 at Morgan Stanley
- Rheinmetall price target raised to EUR 2,100 from EUR 2,040 at Berenberg
- Rheinmetall price target raised to EUR 2,250 from EUR 2,100 at JPMorgan
- Rheinmetall price target raised to EUR 1,950 from EUR 1,800 at Deutsche Bank
- Positive Outlook for Rheinmetall: Buy Rating Supported by Strategic Management and Forecasted Growth