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Rheinmetall: JPMorgan recommends buying despite weak Q1
JPMorgan rates Rheinmetall positively despite market concerns - target price of 600 euros. Find out here why long-term investors recommend buying. #stock market #stocks #finance
Rheinmetall: JPMorgan recommends buying despite weak Q1
The US bank JPMorgan left the rating for Rheinmetall at “Overweight” with a price target of 600 euros ahead of the first quarter figures. Analyst David Perry is encouraging long-term investors to buy the defense company's shares if they fall due to market concerns about business performance at the start of the year. He emphasizes that a weak first quarter is irrelevant to the company's long-term outlook.
JPMorgan's recommendation is based on a study published on April 18, 2024. Analyst David Perry reiterates his positive view on Rheinmetall and emphasizes that short-term market weaknesses should not affect the company's long-term prospects. The price target of 600 euros underlines the potential that JPMorgan sees in Rheinmetall.
JPMorgan's valuation of Rheinmetall came ahead of its quarterly results and the bank remains optimistic despite possible concerns about its business performance at the start of the year. Investors interested in a long-term investment could benefit from current market movements and purchase the defense company's shares at an attractive price.