Citi Slaps Neutral on Rheinmetall, Flags Ammo Peak Risk

Source: investing.com

Citi analysts kicked off coverage of Rheinmetall, Europe's top ammunition maker, with a neutral rating and a price target of 1,500 euros per share. They warn that the company's explosive growth from Ukraine war demand is nearing a peak, with ammunition output maxing out soon. This matters to investors because Rheinmetall's stock has soared over 400% in two years, but fading orders could trigger a big pullback.