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Article: UBS cuts German Rheinmetall to "neutral".
- Article from:
- ADP News Germany
- Article date:
- September 23, 2009
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(ADPnews) - Sep 23, 2009 - UBS on Wednesday lowered the stance on German automotive and defence group Rheinmetall AG (FRA:RHM) to "neutral" from "buy" after the positive development of the share in the course of the year.
The share target was raised to EUR 43 from EUR 38.
The investors' sentiment for Rheinmetall's share may have peaked out, analyst Sven Weier said. Weier sees several challenges in the short term since the budget of the German military may be under pressure under the new government. Furthermore, the distinctive decline in the large-bore ...