Rolls-Royce three year plan on track says broker
Portfolio Pulse from
Rolls-Royce Holdings PLC has received a reiterated buy rating and a three-year price target of 665p from Panmure Liberum, following an update where the company left its guidance unchanged.
November 08, 2024 | 2:30 pm
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POSITIVE IMPACT
Rolls-Royce Holdings PLC's US-listed ADR, RYCEY, is likely to see positive sentiment as Panmure Liberum reiterates a buy rating and a 665p price target, with guidance unchanged.
The reiteration of a buy rating and a specific price target by a broker typically boosts investor confidence, potentially leading to a positive short-term impact on the stock price. The unchanged guidance suggests stability, further supporting a positive outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80