Rheinmetall: Record Q2 Beat, Robust Backlog Supports Multi‑Year Growth; Buy Rating Reiterated with Unchanged $1300 Target
Tip Ranks·- Analyst Chloe Lemarie from Jefferies maintained a buy rating on Rheinmetall and kept the target price at 1 300 euros. - The rating is supported by record-breaking second-quarter revenue and operating profit that exceeded expectations across all business divisions. - Driven by massive new contracts, the order backlog surpassed 80 000 million euros, providing multi-year visibility for sales and earnings.