Rolls-Royce flies lower after buy rating removed by US bank
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Rolls-Royce Holdings PLC shares fell 4% after Citigroup downgraded the stock, impacting the FTSE 100 index.
January 06, 2025 | 9:30 am
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NEGATIVE IMPACT
Rolls-Royce Holdings PLC's US-listed ADR, RYCEY, is likely to be impacted negatively in the short term due to Citigroup's downgrade, which led to a 4% drop in its share price.
The downgrade by Citigroup is a significant event that directly impacts investor sentiment and the stock price of Rolls-Royce's ADR, RYCEY. The 4% drop in the share price indicates a negative market reaction, suggesting potential short-term downward pressure on RYCEY.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80