0937 GMT - Rheinmetall's shares price could double to 3,000 euros by 2030 if European defense spending reaches 3% of gross domestic product, Morgan Stanley analysts Marie-Ange Riggio and Ross Law say. The German arms maker could potentially receive cumulative orders of between 325 billion euros and 450 billion euros by the end of this decade. Achieving this would force the group to double its manufacturing capacity starting in 2027, but that would be feasible, they add. The analysts estimate that Rheinmetall had a 12% share of the European equipment market in 2024, and an upward trend in market share is likely to continue as land platforms remain in focus in the near future. This could be confirmed by the European Commission's defense white paper, set to be published Wednesday. Shares are down 0.7% at 1,435 euros. (cristina.gallardo@wsj.com)
(END) Dow Jones Newswires
March 19, 2025 05:37 ET (09:37 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。