JPMorgan raised the firm’s price target on Rheinmetall (RNMBY) to EUR 2,250 from EUR 2,100 and keeps an Overweight rating on the shares. The firm, which forecasts average organic sales growth of 25% for 2025-30, increased its EPS estimates for the same period and calls out Rheinmetall as its top large cap pick in the European Defense group.
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Read More on RNMBY:
- 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
- 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