1506 GMT - Greater certainty on defense spending trajectories for Rheinmetall and the broader European defense sector should trigger re-ratings in the coming months, HSBC analysts Dario Dickmann and Christoph Dolleschal say. They expect European defense spending to increase to 3% of GDP in 2030, exceeding their previous forecast of 2.5% of GDP in 2030 and 3% in 2035. HSBC increased Rheinmetall's share price target to 1,275 euros per share from 1,000 euros, and reiterated its Buy recommendation. Shares are up 14% at 1,148 euros. (cristina.gallardo@wsj.com)
(END) Dow Jones Newswires
March 03, 2025 10:06 ET (15:06 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。