FRANKFURT (dpa-AFX Broker) - DZ Bank left Dax newcomer Rheinmetall at "buy" with a fair value of 295 euros. The final annual figures of the defense group and automotive supplier showed a mixed picture, while the outlook for 2023 appears conservative, analyst Holger Schmidt wrote in a study presented on Monday. Increasing demand for military equipment and further increases in defense spending in Germany and other NATO countries hold attractive medium-term potential for the company, he added. As soon as the planned takeover of Expal Systems is approved, he sees room for his estimates to rise - he expects this to happen in June or July./gl/tih

Publication of the original study: 20.03.2023 / 10:01 / CET

First disclosure of the original study: 20.03.2023 / 10:14 / CET