Price targets

Analyst ratings

8 analysts rated this company in the past 90 days. The average target price is €2.13K, this is a change of +25.0% compared to the current price.

• September 25, 2025

  UBS raises target for Rheinmetall to 2,500 euros - 'Buy'

  ZURICH (dpa-AFX Analyser) - The Swiss major bank UBS has raised its price target for Rheinmetall from 2,200 to 2,500 euros and left the rating at "Buy". With the higher price target, expert Sven Weier is rewarding greater predictability for the defense company's business after 2030. German budget plans likely confirm rising investments until 2040 – in line with NATO goals, he wrote Thursday evening./rob/ag

  Publication of the original study: September 25, 2025 / 6:52 p.m. / GMT

  First distribution of the original study: September 26, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 19, 2025

  Goldman reinstates Rheinmetall with 'Buy' rating - target €2,200

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has reinstated Rheinmetall with a "Buy" rating and a price target of €2,200. Given the largest rearmament cycle in Europe since the early days of the Cold War, Sam Burgess wrote in his industry assessment published Friday that he views the defense sector favorably. However, the high valuations require a selective approach. The expert names BAE Systems as his favorite. Meanwhile, Rheinmetall's product portfolio best fits the existing defense deficits, and the valuation does not yet reflect the medium-term outlook. Renk's valuation appears to be appropriate./gl/stk

  Publication of the original study: September 19, 2025 / 2:18 a.m. / BST First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 16, 2025

  Deutsche Bank maintains Rheinmetall's 'Buy' rating - target €1,950

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained a "Buy" rating on Rheinmetall with a price target of €1,950. With the acquisition of the marine division of the Lürssen shipyard group, the defense company gains access to an area that should generate long-term growth and diversify revenues, wrote Christoph Laskawi in an assessment published Tuesday. However, the risk profile differs from that of other areas. Given the undisclosed purchase price, Laskawi assumes that the valuation metrics should be reasonable and that Rheinmetall should not have deviated from the planned size in terms of the transaction volume. If the new division achieves its revenue targets, the Group's 2030 guidance would still have room for improvement./gl/tih

  Publication of the original study: September 16, 2025 / 8:02 a.m. / CET. First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 15, 2025

  Jefferies maintains Rheinmetall's 'Buy' rating - target €2,250

  NEW YORK (dpa-AFX Analyst) - In light of the acquisition of shipbuilder NVL, analyst Jefferies has maintained its rating for Rheinmetall at "Buy" with a price target of €2,250. In a study released Monday, Chloe Lemarie initially emphasized that no disclosure of the agreed purchase price had been made. From discussions, the expert believes she knows that NVL generates a double-digit percentage margin and that there is ambition to increase this, including synergies, to the mid-teens. On this basis, the company assumes a takeover price in the range of €1.5 billion to €2 billion, excluding debt./rob/tih/gl

  Publication of the original study: September 15, 2025 / 2:00 a.m. / Time zone not specified in the study. First distribution of the original study: September 15, 2025 / 2:00 a.m. / Time zone not specified in the study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 15, 2025

  JPMorgan maintains Rheinmetall's 'Overweight' rating - target €2,250

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Rheinmetall on the acquisition of shipbuilder NVL at "Overweight" with a price target of €2,250. Assuming the as-yet undisclosed acquisition price is acceptable, analyst David H. Perry views the deal positively overall. However, as he mentioned in a study released on Monday, it also entails risks, as the construction of naval vessels is one of the riskier areas of the defense industry./rob/tih/edh

  Publication of the original study: September 15, 2025 / 7:37 a.m. / BST First distribution of the original study: September 15, 2025 / 7:38 a.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 15, 2025

  Warburg Research maintains Rheinmetall's 'Hold' rating - target €1,740

  HAMBURG (dpa-AFX Analyser) - The analyst firm Warburg Research has maintained its rating for Rheinmetall on the acquisition of shipbuilder NVL at "Hold" with a price target of €1,740. With this move, Rheinmetall is entering naval shipbuilding, thus expanding its currently limited presence in the maritime sector, Christian Cohrs wrote in a study released Monday. However, he views the deal with caution, as naval shipbuilding is complex and "not part of Rheinmetall's core DNA." This raises doubts as to whether the company is the best possible owner for NVL. Expansion into new sectors carries the risk of diluting the strategic focus and increasing the Group's overall risk profile./rob/tih/edh

  Publication of the original study: September 15, 2025 / 8:15 a.m. / Time zone not specified in study. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 11, 2025

  Jefferies maintains Rheinmetall's 'Buy' rating - target €2,250

  NEW YORK (dpa-AFX Analyser) - The analyst firm Jefferies has maintained a "Buy" rating on Rheinmetall with a price target of €2,250. Chloe Lemarie wrote in an industry analysis released Friday that the demand for the DSEI defense and security technology trade fair in London seemed even stronger than in the record year of 2023. Rheinmetall has considerable scope for operational growth in all business areas, particularly in weapons and ammunition and vehicle systems. Another study emphasized that the recent incursion of Russian drones into Polish airspace has brought the issue of European air defense back into focus. In the area of shorter-range defensive weapons, Rheinmetall's Skyranger system is of crucial importance./gl/tih

  Publication of the original study: September 11, 2025 / 10:05 a.m. / ET First distribution of the original study: September 11, 2025 / 10:05 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 11, 2025

  Berenberg maintains Rheinmetall's 'Buy' rating - target 2100 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained a "Buy" rating on Rheinmetall with a price target of €2,100. The record-high number of participants at the DSEI defense and security technology trade fair in London demonstrates the interest in the industry and underpins his positive outlook on the companies, wrote George McWhirter in an assessment released Friday. He is now more confident than before about his "top picks," Babcock International and Renk. The expert also estimates that the record-high order backlogs at companies such as BAE Systems, Chemring, QinetiQ, Renk, and Rheinmetall should increase sales by an average of 12 percent annually until 2028./gl/tih

  Publication of the original study: September 11, 2025 / 4:56 p.m. / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 8, 2025

  Barclays starts Rheinmetall with 'Overweight' - target 2050 euros

  LONDON (dpa-AFX Analyst) - British investment bank Barclays has initiated its rating of Rheinmetall shares with an "overweight" rating, with a price target of €2,050. Expert Afonso Osorio, in his analysis of the European defense industry on Monday afternoon, focuses on the Düsseldorf-based company's German business and its growing market share, likely also across Europe. Rheinmetall is his favorite among the newly ranked Hensoldt, Leonardo, and Saab./ag/mis

  Publication of the original study: September 8, 2025 / 1:57 PM / GMT

  First distribution of the original study: September 8, 2025 / 3:45 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 8, 2025

  Jefferies maintains Rheinmetall's 'Buy' rating - target €2,250

  NEW YORK (dpa-AFX Analyst) - After a meeting with investor relations managers, analyst Jefferies maintained its rating for Rheinmetall at "Buy," with a price target of €2,250. More clarity on the German 2026 budget is likely to emerge in November or December, with the focus already strongly on ammunition, Chloe Lemarie wrote on Monday. A perspective for 2030 and beyond will likely be presented at a capital markets day in November./rob/tih/ag

  Publication of the original study: September 8, 2025 / 1:24 AM / Time zone not specified in the study

  First distribution of the original study: September 8, 2025 / 1:24 AM / Time zone not specified in the study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 29, 2025

  Deutsche Bank maintains Rheinmetall's 'Buy' rating - target €1,950

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its "Buy" rating for Rheinmetall with a price target of €1,950. The draft defense budget for 2026 represents a significant increase compared to the 2025 plan, especially with regard to ammunition and vehicles, wrote Christoph Laskawi in his assessment released Friday. While these are still only proposals that still need to be voted on, the plan is a clear indication of impending, significant sales growth for Rheinmetall. Laskawi continues to expect significant order intake from the German government until the first half of 2026./ajx/ag

  Publication of the original study: August 29, 2025 / Time not specified in the study / CET

  First distribution of the original study: August 29, 2025 / 7:50 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 8, 2025

  Deutsche Bank maintains Rheinmetall's 'Buy' rating - target €1,950

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its "Buy" rating for Rheinmetall following second-quarter results, with a price target of €1,950. While the defense company and automotive supplier disappointed with earnings and cash flow, it confirmed its outlook, Christoph Laskawi wrote in a review released Friday. In this respect, the investment background is intact./la/msi

  Publication of the original study: August 8, 2025 / Time not specified in the study / CET. First distribution of the original study: August 8, 2025 / 8:08 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 8, 2025

  Berenberg maintains Rheinmetall's 'Buy' rating - target 2100 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Buy" rating for Rheinmetall following the company's earnings release, with a price target of €2,100. Delivery delays are impacting the automotive supplier and defense group's growth, George McWhirter wrote in a study released Friday. Order intake had improved. Over the course of the year, the company is heavily weighted toward the fourth quarter. Statements made during a conference call indicated that the potential for defense contracts from Germany is higher than previously thought./rob/tih

  Publication of the original study: August 8, 2025 / 5:13 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 8, 2025

  Warburg Research raises target for Rheinmetall to 1,740 euros - 'Hold'

  HAMBURG (dpa-AFX Analyser) - The analyst firm Warburg Research raised its price target for Rheinmetall from €1,550 to €1,740 following the company's earnings release and maintained its "Hold" rating. Christian Cohrs wrote in a study released Friday that the second-quarter results were "uninspiring." The defense company's growth story remains intact, but the valuation only supports a neutral rating. The higher price target took into account higher medium- to long-term growth assumptions resulting from the new NATO targets./rob/tih

  Publication of the original study: August 8, 2025 / 8:15 a.m. / Time zone not specified in the study

  First distribution of the original study: Date not specified in the study / Time not specified in the study / Time zone not specified in the study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 8, 2025

  JPMorgan maintains Rheinmetall's 'Overweight' rating - target €2,250

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Rheinmetall at "Overweight" after the company's earnings release, with a price target of €2,250. In light of a price slide on the reporting day, analyst David H. Perry calls this a "very attractive entry point" in a study published Friday. With its defense business, the company has been enjoying exceptionally strong news flow for several months, starting in September. The expert does not believe that a possible meeting between Donald Trump and Vladimir Putin in the coming days will change anything about Germany's planned defense investments./rob/tih/mis

  Publication of the original study: August 8, 2025 / 12:22 AM / BST

  First distribution of the original study: August 8, 2025 / 12:35 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 7, 2025

  UBS maintains Rheinmetall 'Buy' - target 2200 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Rheinmetall at "Buy" with a price target of €2,200. Reconciling investor reaction to the company's results with the share price is difficult for the automotive supplier and defense group due to current geopolitical developments, Sven Weier wrote in a study released Friday. The tone of a conference call was optimistic, but this was not enough on a day like this. He spoke of a rebalancing of the positioning, but the geopolitical situation is unlikely to turn against defense spending. He therefore reaffirms his assessment that Rheinmetall remains one of the best sector stocks./rob/tih/nas

  Publication of the original study: August 7, 2025 / 2:27 PM / GMT

  First distribution of the original study: August 7, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 7, 2025

  Berenberg maintains Rheinmetall's 'Buy' rating - target 2100 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Buy" rating for Rheinmetall after the company's earnings release, with a price target of €2,100. At first glance, the second quarter was a weaker one, wrote George McWhirter in a study released Thursday. However, there is confidence that business will pick up in the second half of the year. Order momentum should pick up./tih/niw

  Publication of the original study: August 7, 2025 / 6:46 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 7, 2025

  UBS maintains Rheinmetall 'Buy' - target 2200 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Rheinmetall following the company's earnings release, with a price target of €2,200. Analyst Sven Weier advises not to look backward in a quick assessment published Thursday. While the defense company's second quarter was somewhat weak, this was to be expected. The confirmation of the annual targets and Rheinmetall's statement that they may be increased later are reassuring./rob/ck/mis

  Publication of the original study: August 7, 2025 / 6:16 a.m. / GMT

  First distribution of the original study: August 7, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 7, 2025

  JPMorgan maintains Rheinmetall's 'Overweight' rating - target €2,250

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Rheinmetall at "Overweight" with a price target of €2,250 following the company's earnings release. The defense company's second quarter was weak, as expected, wrote David H. Perry in a study released Thursday. However, there have been no changes to the annual targets, and he sees any share price weakness as an entry opportunity./rob/ck/niw

  Publication of the original study: August 7, 2025 / 7:20 a.m. / BST

  First distribution of the original study: August 7, 2025 / 7:20 a.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 7, 2025

  Jefferies maintains Rheinmetall's 'Buy' rating - target €2,250

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its "Buy" rating for Rheinmetall after the company's earnings release, with a price target of €2,250. At first glance, the second quarter was somewhat weaker than expected, wrote Chloe Lemarie in a study released Thursday. The defense company continues to focus on the fourth quarter due to the expected strong order intake from Germany./rob/tih/mis

  Publication of the original study: August 7, 2025 / 2:24 a.m. / Time zone not specified in the study

  First distribution of the original study: August 7, 2025 / 2:24 a.m. / Time zone not specified in the study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 1, 2025

  Jefferies raises target for Rheinmetall to €2,250 - 'Buy'

  NEW YORK (dpa-AFX Analyst) - Research firm Jefferies has raised its price target for Rheinmetall from €1,880 to €2,250 and maintained its "Buy" rating. Strength in the aircraft and defense industries continues, as all sectors are experiencing strong tailwinds, wrote Chloe Lemarie in an industry report released Monday. The defense sector offers good entry points into an attractive supercycle. Rheinmetall remains their industry favorite due to strong order intake and long-term growth in the air defense and missile systems sectors./tih/mis

  Publication of the original study: August 1, 2025 / 1:15 p.m. / ET

  First distribution of the original study: August 1, 2025 / 1:15 p.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 7, 2025

  UBS maintains Rheinmetall 'Buy' - target 2200 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Rheinmetall at "Buy" with a price target of €2,200. In his outlook for the upcoming quarterly reports from capital goods companies, published on Tuesday, analyst Andre Kukhnin expects results in line with expectations. He names Schneider, Kion, and Weir as the top favorites based on the figures. Behind them, however, are Assa Abloy, Kone, and Gea, which are also promising defensive growth ideas. He also values Knorr-Bremse, Siemens, and Warsila for their cyclical and long-term growth. In general, valuations in the sector are undemanding./tih/ag

  Publication of the original study: July 7, 2025 / 6:55 PM / GMT

  First distribution of the original study: July 7, 2025 / 6:55 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 4, 2025

  Jefferies maintains Rheinmetall's 'Buy' rating - target €1,880

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained a "Buy" rating on Rheinmetall with a price target of €1,880. According to preliminary information, the arms and ammunition (W&A) business of the defense company and automotive supplier was impacted in the second quarter by pull-forward effects at the beginning of the year and an explosion at the Spanish production site in Murcia, Chloe Lemarie wrote in her outlook for the report published Friday. In addition, order intake remained limited due to the change of government in Germany. The expert anticipates a 19 percent increase in sales and a 10 percent increase in operating profit (EBIT), but a cash outflow due to investments./rob/gl/ag

  Publication of the original study: July 4, 2025 / 1:41 a.m. / Time zone not specified in the study. First distribution of the original study: July 4, 2025 / 1:41 a.m. / Time zone not specified in the study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 17, 2025

  Warburg Research maintains Rheinmetall on 'Hold' - target 1550 euros

  HAMBURG (dpa-AFX Analyst) - Warburg Research maintained its rating for Rheinmetall at "Hold" with a price target of €1,550 following a conference held by the analyst firm. The defense company is positioning itself for growth through additional capacity and portfolio measures, Christian Cohrs wrote on Tuesday. Rheinmetall was represented at the conference by Chief Financial Officer Klaus Neumann and Head of Investor Relations Dirk Winkels. New medium- and long-term targets are unlikely to be specified before the Capital Markets Day in November. Clarity regarding long-term growth prospects is of great importance to confirm the steeply increased valuation./ajx/la

  Publication of the original study: June 17, 2025 / 2:00 PM / CEST

  First distribution of the original study: Date not specified in study / Time not specified in study / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 13, 2025

  Jefferies maintains Rheinmetall's 'Buy' rating - target €1,880

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its rating for Rheinmetall at "Buy" with a price target of €1,880. Israel's military strike against Iranian nuclear facilities increases the risk of escalation in the region and further exacerbates global geopolitical threats, Chloe Lemarie wrote on Friday. Rheinmetall and its partner Leonardo also experienced headwinds in their bid for Iveco's defense division. Leonardo is reportedly under increasing political pressure to increase its bid in order to keep the division in Italian hands./tih/ag

  Publication of the original study: June 13, 2025 / 2:57 a.m. / ET First distribution of the original study: June 13, 2025 / 2:57 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 3, 2025

  Jefferies maintains Rheinmetall's 'Buy' rating - target €1,880

  NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has maintained its rating for Rheinmetall at "Buy" with a price target of €1,880. Analyst Chloe Lemarie commented on a report published Wednesday by "Der Spiegel" magazine on the taxation of defense companies. The expert believes it is unlikely that the solutions proposed in the article to limit profit generation from taxpayer money would bring about significant changes. After all, the current profit stream is the result of chronic underfunding. She also considers statements from the Bundeswehr, according to which current procurement processes have already prevented excessive profits, to be reassuring./tih/edh

  Publication of the original study: June 3, 2025 / 2:24 a.m. / ET

  First distribution of the original study: June 3, 2025 / 2:24 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 2, 2025

  UBS maintains Rheinmetall 'Buy' - target 2200 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Rheinmetall at "Buy" with a price target of €2,200. In a study published Monday, Sven Weier refers to a "Spiegel" article stating that the EU is considering measures to prevent excessive profits by defense companies in the wake of the massive increase in defense spending. Such taxes would be counterproductive with regard to a significant expansion of European defense production, the expert believes. However, such tax plans would currently be unlikely to receive broad political support./mis/rob/gl

  Publication of the original study: June 2, 2025 / 3:05 p.m. / GMT. First distribution of the original study: June 2, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 1, 2025

  JPMorgan maintains Rheinmetall at 'Overweight' - target 2100 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Rheinmetall at "Overweight" with a price target of €2,100. According to a re-rating released Monday, David Perry expects exceptionally strong growth in sales, margins, and cash flow over the next five years for the German defense companies Renk, Rheinmetall, and Hensoldt. He assumes that by 2030, approximately half of Germany's rearmament cycle will have been completed./ag/edh

  Publication of the original study: June 1, 2025 / 11:45 PM / BST

  First distribution of the original study: June 2, 2025 / 1:40 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 28, 2025

  UBS raises target for Rheinmetall to 2,200 euros - 'Buy'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has raised its price target for Rheinmetall from €1,840 to €2,200 and maintained its rating at "Buy." Sven Weier wrote on Wednesday ahead of the NATO summit that non-listed defense companies are an important pillar of the industry, but theoretically cause capacity bottlenecks due to their limited access to financing. However, he sees no problems for Rheinmetall. The company is financially strong enough to support its suppliers. With a view to the NATO summit, Weier believes that a 3.5 percent investment target of economic output for defense is not yet fully priced into Rheinmetall shares. He raised his revenue estimates again./rob/gl

  Publication of the original study: May 28, 2025 / 3:11 a.m. / GMT. First distribution of the original study: May 28, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 28, 2025

  UBS raises target for Rheinmetall to 2,200 euros - 'Buy'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has raised its price target for Rheinmetall from €1,840 to €2,200 and maintained its rating at "Buy." Sven Weier wrote on Wednesday ahead of the NATO summit that non-listed defense companies are an important pillar of the industry, but theoretically cause capacity bottlenecks due to their limited access to financing. However, he sees no problems for Rheinmetall. The company is financially strong enough to support its suppliers. With a view to the NATO summit, Weier believes that a 3.5 percent investment target of economic output for defense is still fully priced into Rheinmetall shares. He raised his revenue estimates again./rob/gl

  Publication of the original study: May 28, 2025 / 3:11 a.m. / GMT. First distribution of the original study: May 28, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 19, 2025

  Berenberg raises target for Rheinmetall to 2040 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has raised its price target for Rheinmetall from €1,630 to €2,040 and maintained its "Buy" rating. The defense company offers industry-leading growth fueled by multiple sources, George McWhirter wrote on Monday. His earnings estimates could now rise. The outlook remains rock solid, supported by the continuing acceleration of the European military buildup. Medium-term initiatives, including aggressive expansion into the European missile market, would offer growth opportunities beyond the current portfolio./rob/la/ajx

  Publication of the original study: May 19, 2025 / 05:22 / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 9, 2025

  Warburg Research raises target for Rheinmetall to 1550 euros - 'Hold'

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research raised its price target for Rheinmetall from €1,230 to €1,550, but maintained its "Hold" rating. The "Turning Point 2.0" is becoming a reality sooner than expected, Christian Cohrs wrote on Friday following the previous day's final quarterly figures. However, his price target is still well below Xetra levels./rob/ag/ajx

  Publication of the original study: May 9, 2025 / 8:15 a.m. / Time zone not specified in the study

  First distribution of the original study: Date not specified in the study / Time not specified in the study / Time zone not specified in the study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 8, 2025

  Deutsche Bank raises target for Rheinmetall to 1,800 euros - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has raised its price target for Rheinmetall from €1,300 to €1,800 and maintained its rating at "Buy." The Düsseldorf-based company had already presented strong key figures, but now offered even more positive new aspects, wrote Christoph Laskawi on Thursday after the quarterly report. Overall, much can still be expected from the group./ag/tih

  Publication of the original study: May 9, 2025 / Time not specified in study / CET

  First distribution of the original study: May 9, 2025 / 8:13 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 8, 2025

  Berenberg maintains Rheinmetall's 'Buy' rating - target 1630 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Buy" rating for Rheinmetall with a price target of €1,630. The automotive supplier and defense company recorded record cash levels in the first quarter, wrote George McWhirter in a study released Thursday./rob/bek/ajx

  Publication of the original study: May 8, 2025 / 7:02 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 8, 2025

  JPMorgan maintains Rheinmetall at 'Overweight' - Target 1400.0 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Rheinmetall at "Overweight" with a price target of €1,400. The quarterly figures are in line with the key figures, David Perry wrote on Thursday. However, there are some interesting updates in the presentation, for example, regarding cash flow./rob/ag/stk

  Publication of the original study: May 8, 2025 / 8:18 a.m. / BST

  First distribution of the original study: May 8, 2025 / 8:18 a.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 8, 2025

  Jefferies maintains Rheinmetall's 'Buy' rating - target €1,880

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its rating for Rheinmetall at "Buy" with a price target of €1,880. The automotive supplier and defense manufacturer's first-quarter results provide further evidence that there is upside potential for the outlook, wrote Chloe Lemarie in a report released Thursday./rob/bek/ajx

  Publication of the original report: May 8, 2025 / 2:09 a.m. / ET

  First distribution of the original report: May 8, 2025 / 2:09 a.m. / ET

  Note: Information on the disclosure obligation for conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 8, 2025

  UBS maintains Rheinmetall 'Buy' - target 1840 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Rheinmetall at "Buy" with a price target of €1,840. Given the impressive share price performance and initially high valuation, no business figures or annual outlook in the world are likely to be good enough, Sven Weier wrote on Thursday following the final quarterly figures. However, they are only "co-pilots" in the long-term trend. He still doesn't believe the true potential has been priced in./rob/ag/ajx

  Publication of the original study: May 8, 2025 / 6:04 AM / GMT

  First distribution of the original study: May 8, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 2, 2025

  UBS raises target for Rheinmetall to 1840 euros - 'Buy'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has raised its price target for Rheinmetall from €1,600 to €1,840 and maintained its rating at "Buy." Even the new price target initially only prices in the lower end of the arms buildup prospects, wrote analyst Sven Weier in his reassessment published on Monday. For every €5 billion increase in his 2030 sales estimate, the fair value of the stock would rise by a further €200. Weier has strong expectations for the May 8 figures. Furthermore, the market underestimates the impetus from the NATO meeting. A defense spending target of 3 percent of economic output may be priced in, but not the 5 percent targeted by the US government./ag/gl

  Publication of the original study: May 2, 2025 / 6:59 p.m. / GMT. First distribution of the original study: May 5, 2025 / Time not specified in study / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 2, 2025

  Jefferies raises target for Rheinmetall to 1880 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - Research firm Jefferies raised its price target for Rheinmetall from €1,700 to €1,880 ahead of the industry's first-quarter reporting season and maintained its "Buy" rating. Analyst Chloe Lemarie raised her valuation multiples for defense stocks in an industry report released Friday to reflect the segment's attractiveness as a safe investment. In addition, their assessment period for these stocks now extends to 2028. Rheinmetall remains their preferred stock in the defense sector./tih/he

  Publication of the original study: May 2, 2025 / 11:54 AM / ET. First distribution of the original study: May 2, 2025 / 12:00 PM / ET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 29, 2025

  Deutsche Bank maintains Rheinmetall 'Buy' - target 1300 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its "Buy" rating for Rheinmetall following preliminary quarterly figures, with a price target of €1,300. The defense company's key figures were significantly better than expected, wrote analyst Christoph Laskawi in a study released Tuesday. However, lower growth is expected for the current second quarter of the year./edh/gl

  Publication of the original study: April 29, 2025 / Time not specified in the study / CEST. First distribution of the original study: April 29, 2025 / 8:01 a.m. / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 29, 2025

  Warburg Research maintains Rheinmetall's 'Hold' rating - target 1230 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Rheinmetall at "Hold" after the company's earnings release, with a price target of €1,230. The preliminary figures were better than expected, wrote analyst Christian Cohrs in a quick assessment published Tuesday. However, the first quarter is of secondary importance for the full year./mf/ck

  Publication of the original study: April 29, 2025 / 8:15 a.m. / CEST

  First distribution of the original study: Date not specified in study / Time not specified in study / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 29, 2025

  Berenberg maintains Rheinmetall's 'Buy' rating - target 1630 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained a "Buy" rating on Rheinmetall following preliminary quarterly figures, with a price target of €1,630. The defense company and automotive supplier performed strongly, exceeding consensus estimates for sales and operating profit by 18 percent and 20 percent, respectively, due solely to the defense business, analyst George McWhirter wrote in a Tuesday assessment. The confirmation of the outlook at this early stage of the year is no surprise. However, Rheinmetall reiterated that the targets could be raised once there is more clarity regarding defense spending in individual European countries.

  Publication of the original study: April 29, 2025 / 5:28 a.m. / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 28, 2025

  Jefferies raises target for Rheinmetall to 1,700 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies raised its price target for Rheinmetall from €1,540 to €1,700 and maintained its "Buy" rating. Analyst Chloe Lemarie wrote in a report released Monday that the company exceeded expectations in the first quarter thanks to the defense business. Adjusted operating profit (EBIT) exceeded expectations by 20 percent. Despite the confirmed outlook, the expert still sees significant upside potential for the targets.

  Publication of the original study: April 28, 2025 / 3:01 p.m. / ET. First distribution of the original study: April 28, 2025 / 3:01 p.m. / ET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 28, 2025

  JPMorgan maintains Rheinmetall at 'Overweight' - target 1400 euros

  NEW YORK (dpa-AFX Analyst) - Following the first-quarter results, US bank JPMorgan maintained its rating for Rheinmetall at "Overweight" with a price target of €1,400. These figures are significantly above expectations, wrote analyst David Perry in an initial reaction on Tuesday. Sales were 20 percent above market expectations, and operating earnings (EBITA) were up 18 percent. He continues to have a very positive stance on the shares of the defense company and automotive supplier./bek/gl

  Publication of the original study: April 28, 2025 / 11:44 PM / BST First distribution of the original study: April 28, 2025 / 11:44 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 21, 2025

  JPMorgan maintains Rheinmetall at 'Overweight' - target 1400 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Rheinmetall at "Overweight" with a price target of €1,400. Analyst David Perry referred on Monday evening to a press report stating that BEA Systems plans to massively increase production of 155 mm artillery ammunition over the next two years. Rheinmetall is by far the leader in this field, Perry said. Demand is likely to remain high, but the barriers to market entry are quite low. Investors should be aware of this, even if Rheinmetall maintains its dominance until the end of the decade./ag/edh

  Publication of the original study: April 21, 2025 / 7:20 p.m. / BST

  First distribution of the original study: April 21, 2025 / 7:20 p.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 14, 2025

  Berenberg raises target for Rheinmetall to 1630 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has raised its price target for Rheinmetall from €1,410 to €1,630 and maintained its "Buy" rating. Analyst George McWhirter wrote in his assessment published Tuesday that there is still "plenty of ammunition for further price gains." He highlighted the attractive valuation of the shares. The price-earnings ratio (PEG) of 1.2 is below the industry average of 1.5./ag/gl

  Publication of the original study: April 14, 2025 / 4:52 PM / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 9, 2025

  Jefferies maintains Rheinmetall's 'Buy' rating - target €1,540

  NEW YORK (dpa-AFX Analyst) - Research firm Jefferies has maintained a "Buy" rating on Rheinmetall with a price target of €1,540. He doesn't predict a bottom yet, but currently sees the best opportunity in five years to buy structural winners, analyst Raj Jilka wrote in a study released Wednesday. He and his team surveyed over 60 industry research teams in Europe to identify 50 market leaders with durable competitive advantages. These leaders are likely to navigate the high market volatility and generate above-average risk-adjusted returns over the long term. Rheinmetall is well positioned to benefit from the strong growth of the German defense budget. Due to its short-term focus, the increasing expenditures are likely to translate into revenue growth more quickly than at some longer-cycle competitors.

  Publication of the original study: April 9, 2025 / 5:44 a.m. / ET

  First distribution of the original study: April 9, 2025 / 6:00 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 1, 2025

  Berenberg maintains Rheinmetall's 'Buy' rating - target 1410 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained a "Buy" rating on shares of automotive supplier and defense company Rheinmetall with a price target of €1,410. Structural overcapacities are a challenge for European automakers, wrote analyst Romain Gourvil in an industry commentary published Wednesday. He pointed to the lackluster outlook for production growth, the upheaval caused by the transformation process toward electric vehicles, and increasing competitive pressure from China. Therefore, extensive restructuring measures by manufacturers are to be expected in 2025 and 2026 – Volkswagen has already announced them, and they are already well underway at suppliers. At Rheinmetall, Gourvil also referred to the beginning of the "super cycle" in the defense industry./gl/tav

  Publication of the original study: April 1, 2025 / 3:51 p.m. / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 26, 2025

  Warburg Research raises target for Rheinmetall to 1230 euros - 'Hold'

  HAMBURG (dpa-AFX Analyser) - The analyst firm Warburg Research raised its price target for Rheinmetall from €1,200 to €1,230 following the company's results and maintained its "Hold" rating. The figures underscore the defense company's ability to take advantage of the significantly improved environment, analyst Christian Cohrs wrote in a study released Wednesday. Rheinmetall is one of the main beneficiaries of the boom in the defense industry./mf/bek

  Publication of the original study: March 26, 2025 / 8:15 a.m. / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 13, 2025

  Hauck Aufhäuser raises target for Rheinmetall to 1800 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - Hauck Aufhäuser Investment Banking has almost doubled its price target for Rheinmetall from €920 to €1,800 and maintained its "Buy" rating. The defense company is poised for "explosive growth," wrote analyst Simon Keller in a report released Thursday. Statements made during a conference call suggest that this growth will be much higher than previously expected. In addition to its revenue forecast for 2030, it also upwardly adjusted its long-term margin expectations./tih/gl

  Publication of the original study: March 13, 2025 / 8:03 a.m. / CET. First distribution of the original study: March 13, 2025 / 8:15 a.m. / CET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 13, 2025

  JPMorgan raises target for Rheinmetall to 1,400 euros - 'Overweight'

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan raised its price target for Rheinmetall from €1,200 to €1,400 and maintained its rating at "Overweight." In a review of the company's annual figures released Thursday, analyst David Perry expects that the company, which is currently driven primarily by its defense business, will soon raise its 2025 targets, which are currently slightly below expectations. The company has already made corresponding indications. A higher valuation multiple is justified given the expected very significant earnings increases./tih/gl

  Publication of the original study: March 13, 2025 / 7:41 a.m. / GMT First distribution of the original study: March 13, 2025 / 7:41 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 13, 2025

  UBS raises target for Rheinmetall to 1,600 euros - 'Buy'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has raised its price target for Rheinmetall from €1,208 to €1,600 and maintained its rating at "Buy." The analyst conference following the company's annual results was, as always, optimistic, wrote analyst Sven Weier in his commentary published Thursday. While it is too early for concrete sales targets for 2030, revenues are likely to be significantly higher than the €35 billion he had previously estimated. He now, according to his own statement, still estimates a conservative €45 billion. Weier also considers the anticipated share of possibly 20 to 25 percent of European NATO member states' spending over the next five years or so to be rather conservative. The Rheinmetall forecast had caused a wow effect the day before./ag/gl

  Publication of the original study: March 13, 2025 / 1:00 a.m. / GMT First distribution of the original study: March 13, 2025 / 1:00 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 12, 2025

  JPMorgan maintains Rheinmetall at 'Overweight' - target 1200 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Rheinmetall at "Overweight" after the company's annual results, with a price target of €1,200. The most interesting part of the presentation was a slide in which Rheinmetall signaled its confidence that it could account for 20 to 25 percent of European NATO member states' defense spending over the next five years, analyst David Perry wrote in a report released Wednesday. He could not yet comment further. However, if this were to happen, he points out that Rheinmetall would significantly exceed even the highest expectations./tih/gl

  Publication of the original study: March 12, 2025 / 8:37 a.m. / GMT First distribution of the original study: March 12, 2025 / 8:37 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 12, 2025

  Jefferies starts Rheinmetall with 'Buy' - target 1540 euros

  NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has added Rheinmetall to its rating with a "Buy" rating and a price target of €1,540. In an initial study on European defense stocks published Thursday, analyst Chloe Lemarie pointed to a paradigm shift in Europe with increased defense spending. This is necessary even in peacetime. Rheinmetall is their "top pick" due to its strong growth at a still attractive share price./tih/gl

  Publication of the original study: March 12, 2025 / 5:50 PM / ET. First distribution of the original study: March 12, 2025 / 8:01 PM / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 12, 2025

  Berenberg maintains Rheinmetall's 'Buy' rating - target 1410 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Buy" rating for Rheinmetall after the company's earnings release, with a price target of €1,410. The defense company's figures were strong, wrote analyst George McWhirter in a report released Wednesday. He pointed to significantly exceeded free cash flow expectations. The long-term growth story is taking its course./ck/tih

  Publication of the original study: March 12, 2025 / 8:10 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 7, 2025

  Berenberg raises target for Rheinmetall to 1410 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has raised its price target for Rheinmetall from €750 to €1,410 and maintained its "Buy" rating. It's time to "reload," wrote analyst George McWhirter in his commentary on the European defense industry published Monday, which included numerous price target increases. He points to the geopolitical paradigm shift and the beginning of a "decade-long rearmament cycle." He believes European defense budgets will increase by high single-digit percentages by 2035. His industry favorite is Rheinmetall./ag/tih

  Publication of the original study: March 7, 2025 / 5:55 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 6, 2025

  UBS maintains Rheinmetall 'Buy' - target 1208 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Rheinmetall at "Buy" with a price target of €1,208. In a study published Thursday, analyst Sven Weier cited various media articles about the Federal Audit Office's criticism of the recent award of the multi-billion-euro digital TaWAN-LBO project for the construction of an integrated communications network for the German Armed Forces to Rheinmetall. Following the recent significant price gains, setbacks are therefore possible. These could potentially be buying opportunities./ck/ngu

  Publication of the original study: March 6, 2025 / 2:31 PM / GMT

  First distribution of the original study: March 6, 2025 / 2:31 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 5, 2025

  UBS maintains Rheinmetall 'Buy' - target 1208 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Rheinmetall with a price target of €1,208. The efforts of the CDU/CSU and SPD regarding the debt brake and defense spending could prove to be a "best case scenario" for Rheinmetall, analyst Sven Weier wrote on Wednesday. This could result in indefinite investments in defense on a significantly larger scale than previously thought./bek/ag

  Publication of the original study: March 5, 2025 / 7:19 a.m. / GMT

  First distribution of the original study: March 5, 2025 / 7:19 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 4, 2025

  Warburg Research downgrades Rheinmetall to 'Hold' after rally

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research raised its price target for Rheinmetall shares from €700 to €1,200, but downgraded the stock from "Buy" to "Hold" following its rally. The arms manufacturer's shares, at their current level, are pricing in an increase in the defense budget to three percent of GDP, analyst Christian Cohrs wrote in his reassessment published on Tuesday. However, such an increase would first have to be negotiated and approved by parliament. In addition, it takes time for such decisions to impact profits and cash flow./mf/ag

  Publication of the original study: March 4, 2025 / 8:15 a.m. / CET

  First distribution of the original study: Date not specified in the study / Time not specified in the study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 2, 2025

  JPMorgan raises target for Rheinmetall to 1,200 euros - 'Overweight'

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has raised its price target for Rheinmetall from €800 to €1,200 and maintained its rating at "Overweight." The rearmament cycle in Europe is now a reality, wrote analyst David Perry in his reassessment of the European defense industry published on Monday. He subsequently raised his price targets by an average of one-quarter. Many of the 30 European NATO states are likely to increase their defense budgets; the events of the past few weeks have further increased this impetus./ag/zb

  Publication of the original study: March 2, 2025 / 11:45 PM / GMT

  First distribution of the original study: March 3, 2025 / 12:43 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 2, 2025

  JPMorgan raises target for Rheinmetall to 1,200 euros - 'Overweight'

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has raised its price target for Rheinmetall from €800 to €1,200 and maintained its rating at "Overweight." The rearmament cycle in Europe is now a reality, wrote analyst David Perry in his reassessment of the European defense industry published on Monday. He subsequently raised his price targets by an average of one-quarter. Many of the 30 NATO countries are likely to increase their defense budgets; the events of recent weeks have further increased this impetus./ag/zb

  Publication of the original study: March 2, 2025 / 11:45 PM / GMT

  First distribution of the original study: March 3, 2025 / 12:43 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 24, 2025

  Deutsche Bank raises target for Rheinmetall to 1,040 euros - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has raised its price target for Rheinmetall from €780 to €1,040 and maintained its "Buy" rating. Despite the recent price rally, analyst Christoph Laskawi sees further upside potential, according to a study released Monday. Among other things, he pointed out that the defense company would be expected to provide detailed analyses of which systems are most urgently needed in Europe and what Rheinmetall could contribute to this./ck/ajx

  Publication of the original study: February 24, 2025 / Time not specified in the study / CET

  First distribution of the original study: February 24, 2025 / 8:00 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 24, 2025

  UBS upgrades Rheinmetall to 'Buy' after federal election

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has upgraded Rheinmetall from "Neutral" to "Buy" and raised its price target from €924 to €1,208. Despite the blocking minority of parties that are likely to oppose changes to the Basic Law, the new German government is likely to have some leverage to increase defense spending, wrote analyst Sven Weier in a commentary published Monday following the federal election. He sees the defense company Rheinmetall as one of the biggest beneficiaries. Rheinmetall should also benefit from the upcoming discussions on defense spending at the NATO summit in June./gl/mis

  /gl

  Publication of the original study: February 24, 2025 / 6:04 a.m. / GMT First distribution of the original study: February 24, 2025 / 6:04 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 21, 2025

  UBS keeps Rheinmetall 'neutral' ahead of federal election

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Rheinmetall at "Neutral" with a price target of €924. In a study published Friday, analyst Sven Weier presented scenarios for how the defense company's shares could react to possible results of the federal election. A certain degree of election risk has likely already been factored in with profit-taking, so a favorable election outcome would bring potential. A two-thirds majority is required for an adjustment to the debt brake or a new special defense fund. Should the opposing parties become strong enough to block the transaction, this could temporarily put further pressure on the company./tih/mis

  Publication of the original study: February 21, 2025 / 7:39 a.m. / GMT

  First distribution of the original study: February 21, 2025 / 7:39 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 17, 2025

  UBS raises target for Rheinmetall to 924 euros - 'Neutral'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS raised its price target for Rheinmetall from €805 to €924, but maintained its rating at "Neutral," primarily due to political uncertainties. According to his reassessment released on Monday, analyst Sven Weier now expects the defense company and automotive supplier's shares to reach €1,275 in the best-case scenario. It raised its long-term operating earnings estimates for the defense division by up to 33 percent./ag/gl

  Publication of the original study: February 17, 2025 / 00:47 / GMT First distribution of the original study: February 17, 2025 / 00:47 / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 3, 2025

  JPMorgan maintains Rheinmetall at 'Overweight' - target 800 euros

  NEW YORK (dpa-AFX Analyst) - Following its own investor events in the US with aerospace and defense companies, the US bank JPMorgan has maintained its "Overweight" rating on Rheinmetall with a price target of €800. American investor interest in the European companies in the sector has never been so high or so positive, analyst David Perry concluded in an assessment published Monday. The focus was primarily on Rheinmetall, Leonardo, BAE Systems, Airbus, and Melrose Industries. By 2030, average military spending among European NATO countries is expected to rise from the most recently estimated 2.1 percent to at least 2.5 percent of their respective gross domestic product. Perry believes Rheinmetall will increase sales to €30 billion by then, as planned. However, the defense company must address a number of challenges, such as expanding production capacity and increasing its workforce./gl/mis

  Publication of the original study: February 3, 2025 / 6:31 a.m. / GMT First distribution of the original study: February 3, 2025 / 6:45 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 29, 2025

  Hauck Aufhäuser IB raises target for Rheinmetall to 920 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - Hauck Aufhäuser Investment Banking has raised its price target for Rheinmetall from €750 to €920, signaling strong upside potential again. Analyst Simon Keller consequently changed his rating to "Buy" on Wednesday. "Rheinmetall is growing at full speed," the expert said. The quarterly figures should also reflect this. He expects order intake in 2025 to be three times higher than the book-to-bill ratio./ag/ajx

  Publication of the original study: January 29, 2025 / 8:19 a.m. / CET

  First distribution of the original study: / / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 22, 2025

  UBS raises target for Rheinmetall to 805 euros - 'Neutral'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS raised its price target for Rheinmetall from €630 to €805, but maintained its rating at "Neutral." While US President Donald Trump is demanding a defense spending target of 5 percent of gross domestic product (GDP) from NATO countries, the market is likely assuming 3 percent as a baseline scenario, analyst Sven Weier wrote on Wednesday evening. However, this has not yet been fully priced in. The exact impact of an increase in spending for Rheinmetall cannot yet be quantified, but it now expects a defense-to-GDP ratio of 2.5 to 3.0 percent in the longer term, up from the current 2.1 percent./ck/ag

  Publication of the original study: January 22, 2025 / 9:17 p.m. / GMT

  First distribution of the original study: January 22, 2025 / 9:17 p.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 9, 2025

  UBS maintains Rheinmetall at 'Neutral' - Target 630 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "neutral" rating on Rheinmetall with a price target of €630. Following statements by future US President Donald Trump and NATO Secretary General Mark Rutte, defense spending by NATO members of 3 percent of their respective gross domestic product (GDP) has become more likely, analyst Sven Weier wrote in a study published Thursday. If the defense company Rheinmetall continues to account for half of German defense spending in the long term, an increase in the German defense budget would favor corresponding share price gains. However, this half share could also decrease in the future. In addition, the possibility of a peace deal in Ukraine must be kept in mind.

  Publication of the original study: January 9, 2025 / 9:04 a.m. / GMT First distribution of the original study: January 9, 2025 / 9:04 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 13, 2024

  Berenberg raises target for Rheinmetall to 750 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has raised its price target for Rheinmetall from €655 to €750 and maintained its rating at "Buy." Based on his analysis of the current order situation in the defense sector, expert George McWhirter expects the Düsseldorf-based company to achieve average growth of 24 percent per annum until 2027 in the baseline scenario. Rheinmetall is excellently positioned for the arms buildup cycle in Europe, he wrote in his assessment released Monday. The potential will increase if Germany and NATO further increase their budgets./ag/bek

  Publication of the original study: December 13, 2024 / 5:54 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 12, 2024

  JPMorgan maintains Rheinmetall at 'Overweight' - target 800 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Rheinmetall at "Overweight" with a price target of €800. The European aerospace and defense sector has never been more attractive, wrote analyst David Perry in a sector report released Thursday. Both aerospace and defense stocks are at multi-year highs, he noted. Many stocks carry an "Overweight" recommendation at JPMorgan. Rheinmetall is expected to receive long-term contracts from the German federal government./bek/tav

  Publication of the original study: December 12, 2024 / 4:43 a.m. / GMT

  First distribution of the original study: December 12, 2024 / 4:43 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 4, 2024

  JPMorgan raises target for Rheinmetall to 800 euros - 'Overweight'

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan raised its price target for Rheinmetall from €680 to €800 and maintained its rating at "Overweight." Analyst David Perry wrote this on Wednesday after taking a closer look at Europe's fastest-growing defense company. Following the recent capital markets day, he raised his earnings estimates through 2027 by up to 17 percent. Other experts had recently raised their price targets to €820./ag/gl

  Publication of the original study: December 4, 2024 / 1:53 a.m. / GMT. First distribution of the original study: December 4, 2024 / 2:49 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 22, 2024

  UBS raises target for Rheinmetall to 630 euros - 'Neutral'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS raised its price target for Rheinmetall from 570 to 630 euros, but left its rating at "neutral." The current stock valuation is roughly midway between the opportunities arising from NATO's swearing-in spending target of 3 percent of each member's respective gross domestic product and a ceasefire in Ukraine, analyst Sven Weier wrote Thursday evening. The higher price target results from higher estimates for operating earnings./ag/zb

  Publication of the original study: November 22, 2024 / 8:18 p.m. / GMT

  First distribution of the original study: November 25, 2024 / Time not specified in the study / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 21, 2024

  Deutsche Bank Research upgrades Rheinmetall to 'Buy' - target 700 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has upgraded Rheinmetall from "Hold" to "Buy" and raised its price target from €550 to €700. According to his analysis published Thursday, Christoph Laskawi had assessed the Düsseldorf-based company's growth potential too conservatively in the run-up to the latest capital markets day. The targets for 2027 are already in focus, so they are now also being used as a basis for valuation./ag/mis

  Publication of the original study: November 21, 2024 / Time not specified in the study / CET

  First distribution of the original study: November 21, 2024 / 7:50 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 20, 2024

  Berenberg maintains Rheinmetall's 'Buy' rating - target 655 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Buy" rating for Rheinmetall with a price target of €655. The capital markets day underpinned the growth story in the defense sector, wrote analyst George McWhirter in his assessment published Wednesday. Management reiterated that the Power Systems (PS) division is not considered part of the core business because the group's profitability targets are not being met there. However, higher capital expenditures weighed on Rheinmetall's cash flow./tih/ag

  Publication of the original study: November 20, 2024 / 6:15 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 20, 2024

  Warburg Research raises target for Rheinmetall to 700 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has raised its price target for Rheinmetall from €600 to €700 and maintained its rating at "Buy." In a report released Wednesday, analyst Christian Cohrs attested that the defense and automotive supplier group has a "very encouraging earnings outlook for 2027." The new financial targets exceed his previous medium-term forecasts but appear realistic. Rheinmetall is well positioned for the arms boom./tih/ajx

  Publication of the original study: November 20, 2024 / 8:15 a.m. / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 20, 2024

  Hauck Aufhäuser IB raises target for Rheinmetall to 750 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - Hauck Aufhäuser Investment Banking has raised its price target for Rheinmetall from €680 to €750 and maintained its rating at "Buy." In his analysis published Wednesday following the capital markets day, Simon Keller thus assigns the highest price target currently on the market. The Düsseldorf-based company is optimally positioned to meet European defense needs./ag/tih

  Publication of the original study: November 20, 2024 / 8:20 a.m. / CET

  First distribution of the original study: November 20, 2024 / 8:20 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 19, 2024

  Goldman maintains Rheinmetall 'Buy' - target 666 euros

  NEW YORK (dpa-AFX Analyst) - The US investment bank Goldman Sachs has maintained its rating for Rheinmetall at "Buy" with a price target of 666 euros. According to his commentary on Tuesday's Capital Markets Day, analyst Victor Allard sees scope for a consensus in the low double-digit percentage range given the new targets for 2027. He is optimistic about the stock heading into the end of the year./ag/tih

  Publication of the original study: November 19, 2024 / 11:50 / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 12, 2024

  UBS raises target for Rheinmetall to 570 euros - 'Neutral'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS raised its price target for Rheinmetall from €496 to €570 ahead of the defense company's Capital Markets Day (CMD) and maintained its rating at "Neutral." After the last two CMDs were consistently strong and optimistic, analyst Sven Weier expects a similar tone for the event on November 18/19, wrote in a study released Tuesday. The expert raised its earnings (EPS) forecasts for the years 2024 to 2026./edh/mis

  Publication of the original study: November 12, 2024 / 02:56 / GMT

  First distribution of the original study: November 12, 2024 / 02:56 / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 7, 2024

  UBS maintains Rheinmetall at 'Neutral' - Target 496 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "neutral" rating on Rheinmetall with a price target of €496. The defense company's conference call on its quarterly results was, as always, "bullish," wrote analyst Sven Weier in a study published Thursday. The Rheinmetall CEO expects that the obstacle of the debt brake in Germany will be quickly overcome and that there will be no major order delays in the coming weeks. The Capital Markets Day on November 21 could be another very positive event for the stock. However, some headwinds could arise subsequently, as the German budget situation is anything but easy to resolve, and the market could flip back to the other side of the "Trump trade."/ajx/he

  Publication of the original study: November 7, 2024 / 6:35 PM / GMT. First distribution of the original study: November 7, 2024 / 6:35 PM / GMT.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 7, 2024

  Warburg Research maintains Rheinmetall's 'Buy' rating - target 600 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Rheinmetall at "Buy" with a price target of €600. Strong quarterly results have met expectations, wrote analyst Christian Cohrs on Thursday morning after the figures were released./ag/gl

  Publication of the original study: November 7, 2024 / 8:15 a.m. / CET First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 7, 2024

  Goldman maintains Rheinmetall 'Buy' - target 666 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Rheinmetall with a price target of €666. The results were largely in line with expectations, analyst Victor Allard wrote on Thursday morning. Even in light of the narrowed margin target range, he sees little need for adjustment to the consensus./ag/gl

  Publication of the original study: November 7, 2024 / 7:48 a.m. / GMT First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 6, 2024

  Berenberg maintains Rheinmetall's 'Buy' rating - target 655 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its rating for Rheinmetall at "Buy" with a price target of €655. Analyst George McWhirter sees potential price weakness in European defense stocks in light of Donald Trump's election victory in the US as an entry opportunity into an industry with structural growth. A Trump presidency will lead to an acceleration of European defense spending, the expert wrote in his commentary on Wednesday. The years 2017 to 2021, during his first presidency, had already demonstrated this. McWhirter recalled that before the recent shift in opinion, the consensus was that European defense stocks would outperform a Republican election victory./ag/zb

  Publication of the original study: November 6, 2024 / 7:25 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 18, 2024

  Deutsche Bank raises target for Rheinmetall to 550 euros - 'Hold'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research raised its price target for Rheinmetall from €510 to €550 ahead of the defense company's capital markets day and maintained its "Hold" rating. Management is expected to examine the air defense business in more detail and explain its medium-term financial ambitions, analyst Christoph Laskawi wrote in a report released Friday. He assumes that the targets for 2027 will confirm the targeted revenue and earnings growth in all defense areas./edh

  Publication of the original study: October 18, 2024 / Time not specified in the study / CET

  First distribution of the original study: October 18, 2024 / 08:08 / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 14, 2024

  JPMorgan maintains Rheinmetall at 'Overweight' - target 680 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Rheinmetall at "Overweight" with a price target of €680. The defense company's stock has significant long-term upside potential, wrote analyst David Perry in a study released Tuesday. In the short term, however, there are some uncertainties related to the US presidential election and the war in Ukraine./edh/bek

  Publication of the original study: October 14, 2024 / 7:27 PM / BST

  First distribution of the original study: October 15, 2024 / 12:15 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 11, 2024

  Deutsche Bank Research maintains Rheinmetall's 'Hold' rating

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained a "Hold" rating on Rheinmetall with a price target of €510. The quarterly figures due on November 7th should demonstrate that the defense company is well on track to achieve its annual targets, wrote analyst Christoph Laskawi in his outlook published on Friday.

  Publication of the original study: October 11, 2024 / 8:05 a.m. / CET. First distribution of the original study: Date not specified in study / Time not specified in study / CET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 1, 2024

  Berenberg raises target for Rheinmetall to 655 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has raised its price target for Rheinmetall from €590 to €655 and maintained its "Buy" rating. Analyst George McWhirter examined the order situation in the defense sector in more detail in a study published Monday and is now more confident about the company's medium-term growth targets. It therefore increased its earnings per share estimate for 2026 by 7 percent./tih/ck

  Publication of the original study: September 1, 2024 / 9:35 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.