Berenberg Cuts Rheinmetall Price Target, Forecasts After Germany's Frigate Program Cancellation
() -- Berenberg lowered its price target and earnings forecasts for Rheinmetall (RHM.F) ahead of the German arms maker's second-quarter results set for release Aug. 6, taking into account Germany's recent cancellation of the F126 frigate program. "The Q2 release will highlight progress on overcoming the ammunition and