Deutsche Bank downgraded Rheinmetall to Hold from Buy with a price target of EUR 510, up from EUR 450. The analyst cites valuation grounds for the downgrade as the firm sees Rheinmetall’s near- and mid-term expectations as fully priced into the shares.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RNMBY:
- Rheinmetall price target raised to EUR 590 from EUR 420 at Barclays
- Rheinmetall price target raised to EUR 600 from EUR 455 at JPMorgan
- Rheinmetall downgraded to Neutral from Outperform at Oddo BHF
- Clouds of War Put Top European Defense Stocks in the Spotlight
- Rheinmetall price target raised to EUR 450 from EUR 410 at Deutsche Bank
