Military Spending Approval: German lawmakers are set to approve €2.9 billion ($3.4 billion) for 11 military procurement contracts, focusing on domestic manufacturers for items like drones, rifles, and missiles.
Key Purchases: The defense ministry's request includes the acquisition of up to 250,000 G95 assault rifles from Heckler & Koch for €765 million, with a closed-door meeting for approval scheduled next week.
Additional Equipment: Reports indicate that Germany is also looking to approve over $3.47 billion in defense equipment, which includes 20 light combat helicopters from Airbus SE.
Market Reactions: Defense stocks and ETFs are experiencing declines, while European markets are showing positive trends amid hopes for a U.S. rate cut in December.
Wall Street analysts forecast SHLD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SHLD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast SHLD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SHLD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 76.870
Low
Averages
High
Current: 76.870
Low
Averages
High
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
