NEW YORK (dpa-AFX Broker) - The US bank JPMorgan has raised its price target for Hensoldt from 28 to 38 euros and left its rating at "Neutral". The rearmament cycle in Europe due to the war in Ukraine is likely to continue for at least a decade, analyst David Perry wrote in an industry report published on Tuesday. The outlook for defense budgets in Asia and possibly the Middle East is also positive. Therefore, he expects strong earnings growth for the sector companies, upside potential for consensus estimates and opportunities for rising share prices. Perry raised the earnings estimates (EPS) for Dassault Aviation and Hensoldt./gl/zb

Publication of the original study: 26.03.2024 / 02:47 / GMT First distribution of the original study: 26.03.2024 / 02:51 / GMT

-----------------------

dpa-AFX Broker - the Trader News from dpa-AFX

-----------------------