Rheinmetall Gets Street-High Target on Forecast Defense Boom
- HSBC lifts price target to €1,000 on expected order increase
- Sector rebounds from selloff to reach new all-time high
The Rheinmetall headquarters in Duesseldorf, Germany.
Photographer: Ina Fassbender/Getty ImagesThis article is for subscribers only.
Price targets for German defense firm Rheinmetall AG are climbing, with HSBC Holdings Plc raising the bar to a new record in anticipation of a wave of European military spending.
Governments in the region will be forced to act amid growing US pressure for bigger defense budgets, according to HSBC analyst Dario Dickmann.