Rheinmetall AG shares rose 4.38% on Monday, May 18, 2026. Citigroup upgraded the defense firm to a Buy rating with a new price target of €1,408. Analysts described the recent decline in European defense equities as an excessive selloff relative to long-term structural demand.
The company also commenced serial production of the FV-014 loitering munition. The Bundeswehr placed initial orders for the system valued at approximately €300 million. A framework agreement exists for additional future acquisitions. This news follows a period of stock pressure after first-quarter earnings missed analyst forecasts.