Report

Rheinmetall AG : Increasing number of negative momentum factors ahead – we downgrade to Reduce

>Increasing number of negative momentum factors ahead - We are seeing an increasing number of negative earnings and risk momentum factors emerging: i/ a series of downward revisions to global GDP growth expectations, ii/ especially pronounced revisions for export-geared and automotive-focussed Germany, and iii/ suddenly high and unexpected polling results for the Greens at the German national level. Since June 2019, the Green party has displaced the centre-right CDU/C...
Underlying
Rheinmetall AG

Rheinmetall is a holding company. Through its subsidiaries, Co. operates in two sectors: defence and automotive. Co.'s defence sector is comprised of three divisions: combat systems, engaging in armored tracked vehicles and NBC protection systems; electronic solutions, engaging in air defence systems and soldier systems; and wheeled vehicles, engaging in wheeled logistics vehicles and wheeled tactical vehicles. Co.'s automotive sector is comprised of three division: mechatronics, engaging in cutting emissions and air management systems; hardparts, engaging in pistons and plain bearings and bushes; and motorservice, which includes aftermarket activities for replacement parts business.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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