Rheinmetall Shares Fall 17% on Slashed Outlook
Shares in the German defense group fell 17% after it cut its outlook and have halved this year.
By George HayThe $53 bln German group’s shares fell 17% on a slashed outlook, and have halved this year. Rheinmetall’s 10-fold valuation hike since 2022 still flags a rearmament winner. But investors are now giving its mix of diversification bravado and operational setbacks an apt discount.Full vi…