Rolls-Royce: Jefferies maintains Buy rating
(CercleFinance.com) - Jefferies maintains its buy rating on the stock with an unchanged target price of 170p (CP: 147p, -6%).
The analyst believes that its financial performance is in line with FY expectations, with it improving on the back of strong demand and a transformation program that is starting to bear fruit.
FY guidance has been reiterated (£0.6-0.8bn FCF, £0.8-1.0bn operating profit), analysts point out.
The broker also believes that the feedback for each division is quite good, although supply chain challenges continue to affect civil aerospace.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The analyst believes that its financial performance is in line with FY expectations, with it improving on the back of strong demand and a transformation program that is starting to bear fruit.
FY guidance has been reiterated (£0.6-0.8bn FCF, £0.8-1.0bn operating profit), analysts point out.
The broker also believes that the feedback for each division is quite good, although supply chain challenges continue to affect civil aerospace.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.