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Bernstein analyst Adrien Rabier has reaffirmed an Outperform rating for Rheinmetall AG, setting a price target of EUR 2,000, due to the company's robust growth in the defense sector. With a 24.6% revenue increase over the past year and projected growth of 28% for fiscal 2025, Rheinmetall is capitalizing on its expanded production capabilities, particularly in artillery systems, which boast EBIT margins exceeding 30%. The company's diverse portfolio and strategic focus on long-cycle defense programs position it for further financial upside in the coming years.