NEW YORK (dpa-AFX Broker) - The US bank JPMorgan has left Rheinmetall at "Overweight" with a target price of 600 euros. 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 for the industry. He therefore 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

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