Renk

JPMorgan has reduced the price target for RENK from €75 to €62, but keeps the recommendation at "Overweight". The bank expects the operating result in the third quarter could be slightly disappointing, but anticipates strong results in the important Vehicle Mobility Solutions (VMS) area. » More on finanzen.net

The Renk share climbed significantly on Tradegate after JPMorgan analyst David Perry described the Augsburg company as an attractive takeover target. Perry sees major consolidation potential in the drive systems sector and sets a price target of €75, which was last reached in October 2025. He did not name any concrete takeover offers. » More on de.investing.com

RENK reported adjusted EBIT of €98m for H1 2026 (+10.1%) on revenue of €637m (+2.7%), lifting the adjusted EBIT margin to 15.4%. Order intake reached a record €1.2bn, the order backlog stands at €2.8bn and the total volume of all orders is €7.4bn. Free cash flow improved to around €42m and management confirmed the full-year outlook, targeting the upper half of the EBIT range. RENK shares climbed about 6.25% in premarket trading to $51.53. » More on de.investing.com