Article: WestLB hikes Rheinmetall price target to EUR 50.

Article from:
ADP News Germany
Article date:
September 29, 2009
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(ADPnews) - Sep 29, 2009 - WestLB raised its recommendation on German automotive and defence group Rheinmetall AG (FRA:RHM) to "buy" from "add" on Tuesday, and also increased the share price target to EUR 50 from EUR 40.

Analyst Wolfang Fickus said he expected an excellent development for the technology and defence company. Both the growth of the defence segment and the results of the restructuring in the automotive unit ...

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