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UBS has increased its target price for Rheinmetall from 496 to 570 euros while maintaining a "Neutral" rating ahead of the defense group's Capital Markets Day on November 18/19. Analyst Sven Weier anticipates a positive outlook similar to previous CMDs and has raised earnings forecasts for 2024 to 2026.
Rheinmetall shares surged 9.3% following the release of Q3 figures, marking the largest daily gain since September 2022 and closing at EUR 541.80. The stock has broken through the EUR 500 resistance, with potential targets at EUR 550.60 and the all-time high of EUR 571.80. However, support is seen at EUR 527.00, with further declines possible if it falls below EUR 500.
Rheinmetall shares experienced a significant surge, rising 9.3% following the release of Q3 figures, as reported by UBS. The stock has maintained a strong upward trend, closing above the EUR 500 mark, with 29 shares trading positively in the market.
Analysts have updated their recommendations and price targets for several companies. Notable changes include Jefferies lowering Adecco's target to CHF 29, Barclays reducing Air France-KLM's to EUR 8.50, and Stifel cutting Capgemini's to EUR 225. Rheinmetall's target was raised to EUR 640 by BNP Paribas Exane, while Exosens saw an increase to EUR 28.50 from Bernstein. Other adjustments include reductions for Engie, Legrand, and Solvay, reflecting varied market sentiments.
UBS has maintained a "Neutral" rating on Rheinmetall with a target price of 496 euros. Analyst Sven Weier noted a bullish outlook following the defense contractor's quarterly figures, with expectations that Germany's debt brake issues will be resolved swiftly. However, challenges may arise post-Capital Markets Day on November 21 due to the complex German budget situation.
UBS has maintained a "Neutral" rating on Rheinmetall with a target price of 496 euros, following a bullish quarterly conference call. The CEO anticipates a swift resolution to Germany's debt brake issues, with potential positive developments expected during the Capital Markets Day on November 21. However, challenges remain due to the complex German budget situation, which may lead to market fluctuations.
The global modular construction market in the healthcare sector is projected to grow by USD 10.86 billion from 2024 to 2028, driven by a 16.4% CAGR and increasing demand for customizable solutions. The COVID-19 pandemic underscored the need for rapid healthcare infrastructure expansion, making modular construction an attractive option due to its cost-effectiveness and efficiency. Key players in this market include Black Diamond Group Ltd., Vanguard Healthcare Solutions, and Premier Modular Group, among others.
Regula Berger has been appointed CEO of Basler Kantonalbank, succeeding Basil Heeb, who is stepping down at 60. Previously Head of Commercial Client Sales and Deputy CEO, Berger joined BKB in 2018 after a decade at Zürcher Kantonalbank and has extensive legal and compliance experience. Chairman Adrian Bult praised her professional expertise and leadership skills.
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ubs raises rheinmetall target price to 570 euros ahead of capital markets day
07:21 12.11.2024
Rheinmetall shares surge 9.3 percent following strong Q3 earnings report
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analysts update recommendations and price targets for major european companies
Euro
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KBC Groupe
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08:53 08.11.2024
ubs maintains neutral rating on rheinmetall with target price of 496 euros
21:27 07.11.2024
ubs maintains neutral rating on rheinmetall with target price of 496 euros
21:27 07.11.2024
healthcare modular construction market projected to grow by 10.86 billion dollars
22:55 29.10.2024
Regula Berger appointed CEO of Basler Kantonalbank succeeding Basil Heeb
Zürcher Kantonalbank
Rheinmetall AG
Basler Kantonalbank
CHE
DEU
Basil Heeb
Regula Berger
Adrian Bult
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09:00 25.09.2024
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