Rolls-Royce: UBS raises target price

(CercleFinance.com) - The analyst believes that confidence is growing, confirming a buy recommendation on the stock and raising its target price to 550 pence (from 400 pence), representing 35% upside potential.


"We have increasing confidence in the Rolls Royce turnaround story with upside to both 2024 and 2027 consensus estimates", UBS says.

For 2024, the British engine maker is now targeting current operating income of between £1.7bn and £2bn, and FCF of between £1.7bn and £1.9bn.


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