Jefferies analyst Chloe Lemaire maintained a Buy rating on Rheinmetall today and set a price target of €2,250.00.
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Chloe Lemaire’s rating is based on the potential for Rheinmetall to benefit from increased defense spending, particularly in Germany. Despite a weaker-than-expected second quarter, the company maintains its guidance and anticipates a strong order intake in the fourth quarter, which is expected to bolster future performance.
Furthermore, the focus on the new defense spending environment suggests that Rheinmetall is well-positioned to capitalize on emerging opportunities. This strategic outlook, coupled with the company’s emphasis on future growth, underpins the Buy rating given by Chloe Lemaire.
Lemaire covers the Industrials sector, focusing on stocks such as MTU Aero Engines, Rheinmetall, and Airbus Group SE. According to TipRanks, Lemaire has an average return of 37.2% and an 86.59% success rate on recommended stocks.