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2 clusters · 2 sources · 27 days · First seen · Last updated

Rheinmetall market performance and analyst outlooks

Overview

Rheinmetall AG has experienced fluctuating market performance and analyst sentiment. In early August, the company reported strong second-quarter results with revenue of approximately €3.29 billion and an order backlog exceeding €80 billion, which initially lifted its share price.

By late August, analyst outlooks for the company became more divided. While some firms remained bullish, mwb research downgraded the stock from ‘Hold’ to ‘Sell’ with a lowered price target of 1,050 euros. This downgrade cited a poor risk-reward ratio and the impact of the German government's cancellation of the F126 frigate program, which reportedly led to the loss of a major contract and approximately 2 billion euros in write-offs. Conversely, Goldman Sachs maintained a ‘Buy’ rating with a significantly higher price target of 2,300 euros.

Entities

Lanxess · Bank of America · Rheinmetall AG · Goldman Sachs · AQR Capital Management

Timeline

  1. 13 days ago

    [BUSINESS] 2 sources
    Lanxess and Rheinmetall face divergent analyst outlooks

    Analysts offer mixed outlooks for German companies Lanxess and Rheinmetall, citing industry recovery potential for Lanxess and the impact of canceled government defense contracts for Rheinmetall.

  2. about 1 month ago

    [BUSINESS] 4 sources
    Rheinmetall posts strong Q2 earnings while Vonovia and Siltronic face valuation pressures

    Rheinmetall posted strong Q2 results, while Vonovia's earnings fell on financing costs and Siltronic's price target was cut, highlighting mixed performance in German equities.

Sources

4investors.de · ad-hoc-news.de