HAMBURG (dpa-AFX Broker) - The private bank Berenberg has added Renk to its rating with a "Buy" and a target price of 30.60 euros. The German defense contractor is the market leader in military propulsion systems, analyst George McWhirter wrote in a study published on Tuesday. The company should benefit from rising defense budgets. He expects Renk's earnings growth to be among the best in the industry, which also applies to profitability and cash generation./bek/mis

Publication of the original study: 11.03.2024 / 21:48 / GMT

First dissemination of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

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