Rheinmetall is trading 4.3% down at €1013.20 following a sharp recent rally and fresh analyst target cuts linked to the cancelled F126 frigate program.
- Berenberg and other financial institutions have issued price target reductions and re-ratings, weighing heavily on investor sentiment.
- Market participants are locking in gains from the recent ATACMS co-production deal news as the stock undergoes a period of profit-taking.