Rheinmetall share: JP Morgan Chase & Co. issues Overweight rating
$RHM (+1,29 %)
$HAG (+0,79 %)
$LMT (-0,89 %)
$RR. (-2,29 %)
The US bank JPMorgan has left its rating for Rheinmetall at "Overweight" with a target price of 680 euros. Analyst David Perry discusses the exciting developments of the past 24 hours on Thursday morning. In the short term, he sees more uncertainty for the Düsseldorf-based company than for other European defense companies - due to a possible Ukraine ceasefire under Trump and the shaky coalition government in Germany. In the long term, however, he continues to see Rheinmetall as a winner with good prospects for many years to come.
The Rheinmetall-share was trading in red at 09:32 in XETRA trading, losing 0.3 percent to EUR 494.30. This means that the share still has an upside potential of 37.57 percent compared to the issued price target. The number of Rheinmetall shares traded to date amounts to 101,153. Since the beginning of 2024, Rheinmetall shares have risen by 74.1 percent. Rheinmetall is expected to present its next results for Q3 2024 on November 7, 2024.
Publication of the original report: 07.11.2024 / 07:31 / GMT First transmission of the original report: 07.11.2024 / 07:31 / GMT