11:51 AM EDT, 09/25/2026 (MT Newswires) -- Mwb Research expects Renk Group (R3NK.F) to reiterate its aftermarket sales targets of 1 billion euros and 2 billion euros annually by 2030 and 2035, respectively, noting that this is well above what the research firm's model reflects. "Italy has started procuring new main battle tanks, as a filing with ANAC, Italy's National Anticorruption Authority, published on 21 September shows. As a key supplier, RENK benefits directly, The order also challenges our cautious view on tanks," analysts said Thursday. "More importantly, Italy's order could also support RENK's Strategy Update on 8 December 2026 where we expect RENK to put the aftermarket into focus ... While we do not underwrite RENK´s ambitions in full until we get a quantitative breakdown, the gap is too large to ignore. We therefore raise our outer year sales estimates." Against this backdrop, the research firm confirmed its buy rating on the German stock, while raising the price target to 53 euros from 48 euros.

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