Rheinmetall Stock Falls Below €1,300 After JPMorgan Downgrade: Why the Defense Rally Is Cracking
Rheinmetall slipped under the 1,300 euro mark on Friday, hitting prices last seen in April 2025. The drop followed JPMorgan’s downgrade of the German defence firm, compounding Thursday’s slide that left the stock at the bottom of the DAX. Shares were off another 5%, extending losses, with Reuters also noting Rheinmetall’s 5% fall after the rating cut. This decline cuts into one of Europe’s marquee defence names, right as questions surface over how quickly all those record orders will actually show up as revenue. Germany is committing 145 billion euros to military spending next year, feeding into a massive 780 billion euro package running to 2030. Still, after two years of strength, the sector’s momentum has eased.
