Preparing for the arrival of Renk-Stock isn't too distant.

Renk's stock has shown signs of recovery, with a 2.7% increase to 62.43 euros on Friday in Xetra trading. This upturn comes amidst a surge in the shares of its larger competitor, Rheinmetall, which saw a 5% increase in trading on the same day.

The recovery of Renk's stock may not be directly linked to any specific event or news, but it could be indirectly influenced by Rheinmetall's price jump. This correlation is suggested by the fact that Deutsche Bank, Germany's largest private bank, had previously expressed its support for Renk on August 15, and subsequently issued a buy recommendation for Rheinmetall on an unspecified date, which may have contributed to its price surge.

David H. Perry from JP Morgan expects a rally in Renk's shares, although the exact figures were not specified in the source. Jefferies has set a target price of 80 euros for Renk, while Berenberg Bank has raised its target price to 75 euros. These predictions, along with Renk's management's expected targets for the year 2030, which are anticipated to exceed current consensus estimates, are contributing to the positive outlook for Renk's stock.

However, the recovery of Renk's stock appears to be more of damage control rather than a full recovery, as it had previously taken a significant dive below the 60-euro mark due to the (thus far unsuccessful) peace efforts of international politics regarding Ukraine. David H. Perry considers the chance of short-term peace in Ukraine to be "very low".

The next potential catalyst for Renk's stock is the capital market day in November, during which Renk's management will present new medium-term targets for the year 2030. Christophe Menard from Berenberg Bank maintained a "Buy" rating for Renk, adding to the optimistic sentiment surrounding the company's shares.

Meanwhile, Rheinmetall continues to surge, with its shares reaching new highs. This growth may have indirectly impacted the recovery of Renk's stock, as investors may be drawn to the sector due to Rheinmetall's strong performance.

In the broader context, JP Morgan has set a target price of 90 euros for Renk, indicating a continued positive outlook for the company's shares in the long term. This prediction, along with the positive market sentiment and the upcoming capital market day, bodes well for Renk's future prospects.