Citi upgrades European defense names, sees limited upside for Rheinmetall [Seeking Alpha]
RHEINMETALL AG UNSP/ADR (RNMBY)
NASDAQ:AMEX Investor Relations:
rheinmetall.com/en/rheinmetall_ag/corporate_social_responsibility/stakeholder_2/investoren_2/index.php
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Source: Seeking Alpha
recent share price movements have created more attractive entry points, even as parts of the sector may be nearing peak demand. In a March 31 research note, analysts Fresh Stock Ideas, Every Day Quick Insights Citi upgraded these stocks due to improved earnings visibility, supportive long-term defense spending trends, and attractive entry points after recent share price moves. Citi warns that Rheinmetall's demand for munitions may be unsustainably high, expecting utilization rates to normalize as stockpiles are replenished, leading to a Neutral rating. Citi suggests stocks like Babcock, Leonardo, and TKMS offer better value as their growth expectations are more realistic relative to spending trajectories, while other stocks may have overly stretched expectations. Recommended For You More Trending News
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News
- ‘Ukrainian housewives' and Skyranger delays – German defense poster child Rheinmetall is in hot water [Yahoo! Finance]Yahoo! Finance
- Tuesday, March 31. Russia’s War On Ukraine: News And Information From Ukraine [Forbes]Forbes
- No THAC0 Tuesday [zero hedge]zero hedge
- Ukrainians chide German defense boss for jibes about 'Lego' drones made by 'housewives' [Yahoo! Finance Canada]Yahoo! Finance Canada
- Europe 155mm Artillery Shells Market is Projected to Reach USD 870 Million by 2032 Amid Rising Defense Preparedness, Reports Vyansa Intelligence [TheStreet.com]TheStreet.com