NEW YORK (dpa-AFX Broker) - The US bank JPMorgan has raised its target price for Rheinmetall from 600 to 680 euros and left its rating at "Overweight". In his commentary published on Thursday, analyst David Perry raised his earnings expectations for the defense contractor, citing the strong order situation. Incoming orders in the second quarter are likely to significantly exceed expectations - 10 to 11 billion euros are conceivable. The potential from further new contracts is not even included in his longer-term estimates, such as a possible large tank order from Italy for the joint venture recently announced by Rheinmetall and Leonardo. Rheinmetall is also taking part in a tender for military trucks in the USA./mis/ag

Publication of the original study: 11.07.2024 / 11:59 / BST

First disclosure of the original study: 11.07.2024 / 12:07 / BST