FRANKFURT (dpa-AFX Broker) - Shares in defense contractors Rheinmetall and TKMS gained momentum in pre-market trading on Wednesday, supported by positive analyst notes. Rheinmetall stock rose approximately 3 percent on the Tradegate platform compared to the Xetra close, while TKMS shares climbed around 4 percent.

Earlier, US investment bank Goldman Sachs reaffirmed its "Buy" rating on Rheinmetall and added the stock to its "Conviction List" of top picks.

Meanwhile, Citigroup upgraded TKMS from "Neutral" to "Buy". Analyst Charles Armitage justified the bullish stance on the submarine manufacturer by citing the recent share price pullback, which he believes now offers sufficient upside potential./edh/men

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