European Defense Stocks Have Surged. Are They Still…
Fears the US will relinquish its commitment to NATO have put UK and European defense stocks on a dramatic upward trajectory, but Morningstar analysis suggests only a few names are still attractively valued.
German defense stock Rheinmetall RHM is now a five-star stock after its Morningstar fair value estimate was revised upwards. This makes it the most attractively-valued of the companies in our screen. Its new fair value estimate is the highest among 16 analysts’ price targets tracked by Morningstar.
