UBS analyst Sven Weier upgraded Rheinmetall (RNMBY) to Buy from Neutral with a price target of EUR 1,208, up from EUR 924. Defense spending is set to rise even in an adverse final election outcome in Germany, the analyst tells investors in a research note.
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Read More on RNMBY:
- Rheinmetall price target raised to EUR 1,037 from EUR 650 at Stifel
- Rheinmetall’s Growth Potential Boosted by Increased EU and NATO Defense Spending
- Rheinmetall price target raised to EUR 900 from EUR 820 at Morgan Stanley
- Rheinmetall price target raised to EUR 780 from EUR 700 at Deutsche Bank
- Defense Stocks ETFs as Trump Trade? Wall Street Says Hold Fire
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