Rolls-Royce: Barclays raises target price

(CercleFinance.com) - Barclays has confirmed its 'Overweight' recommendation on Rolls-Royce shares, raising its target price for them from £4.
95 to £5.40, expressing its confidence in the future cash flow visibility and balance sheet optionality of the British engine maker.

Despite the share price's absolute performance of +66% since the beginning of the year (compared with +8% for the FTSE 100), the company continues to perform beyond expectations and to benefit from a very favorable demand and pricing environment, it adds.


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