Loredana Muharremi, CFA
Loredana Muharremi, CFA, is an equity analyst for Morningstar Holland BV (“Morningstar”), a wholly owned subsidiary of Morningstar, Inc.
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More From Loredana Muharremi, CFA
Rheinmetall: Addressing Key Investor's Concerns After Recent Weakness
We think Rheinmetall stock is significantly undervalued.
Rheinmetall Earnings: Acceleration Expected From Q2
We think Rheinmetall stock is significantly undervalued.
Saab Earnings: Delivery Ramp Accelerates Earnings Conversion; Fair Value Estimate Increased by 5%
We think Saab stock is fairly valued.
Rheinmetall Ahead of Earnings: Europe’s Rearmament Drives Orders, Stock Still Has Upside
Rheinmetall is one of our top stock picks in the European defense sector, trading in four-star territory.
Thales Earnings: Cash Outperformance and Defense Backlog Anchor 2028 Margin Path
We think Thales stock is moderately undervalued.
Rolls-Royce Earnings: Higher Durability and LTSA Cash Underpin Target Upgrade
We think Rolls-Royce Holdings stock is moderately overvalued.
BAE Earnings: Strong Execution and Margin Delivery
We are lifting our fair value estimate for the defense stock.
Kongsberg Earnings: Defense Execution and Record Backlog Support Long-Term Outlook; Raise FVE 9%
We think Kongsberg Gruppen stock is moderately overvalued.
Saab Earnings: Backlog Beat and Export Momentum Lift Growth Outlook; Raise Fair Value
We think Saab stock is moderately overvalued.
European Defense: Possible Higher US Budget and Greenland Rhetoric Support Sector Momentum
Trump’s defense spending rhetoric keeps geopolitical risk elevated, reinforcing the global supercycle.
European Defense: Overreaction to Potential Peace Deal Ignores the Real Drivers of Demand
Our update on select stocks from the Aerospace & Defense industry.
Rheinmetall Earnings: Order Delays From German Election Mask Strong Backlog and Structural Growth
We think Rheinmetall stock is moderately undervalued.
Leonardo Earnings: Strong Quarter Highlights Defense Upswing and Expanding Multidomain Momentum
We think Leonardo stock is moderately undervalued.
Kongsberg Earnings: Strong Results, Demerger to Drive Possible Defense Rerating
We think Kongsberg Gruppen stock is fairly valued.
Saab Earnings: 2025 Guidance Raised, Driven by Order Momentum
We think Saab stock is fairly valued.
Thales Earnings: Solid Defense and Avionics Momentum; Space JV Marks Structural Reset
We think Thales stock is moderately undervalued.
Rheinmetall: Plans Move Into Shipbuilding With Naval Vessels Lürssen Deal; Aligns With NATO Buildup
Rheinmetall is an undervalued stock trading in four-star territory.
European Defense Stocks Drop on Peace Deal Hopes, but Long-Term Drivers Remain Intact
NATO’s higher spending targets support long-term growth in European defense stocks.
Rheinmetall Earnings: Muted Growth Due to Timing Masks Backlog Strength
Shares slump after earnings; the defense giant is undervalued.
Europe’s Top Defense Stock Picks
Rheinmetall and BAE Systems among stocks to benefit as Europe rearms.
Saab Earnings: Higher Fair Value Estimate After Strong Results, Raised Guidance
Saab Stock Earnings Update
Defense Stock Rally an ‘Exaggerated Reaction’ to Iran Strikes
Our fair value estimates are unchanged; the supply of defense technology is already baked into forecasts.
Saab Earnings: Strong Start to 2025; Fair Value Up 18%
Surging orders and expanding margins drive 18% fair value hike, as dynamics division emerges as key growth engine.
Rheinmetall Stock Hits Record High: Another Strong Quarter
Fair value estimate maintained amid policy and market share upside.
Rheinmetall: Sharply Higher Fair Value on Defense Spending Boost
German defense stock now trades in 5-star territory even after a near 140% share price increase this year.
