Rolls-Royce: UBS still a buyer but cuts target price
(CercleFinance.com) - UBS has reinstated its "buy" rating on the Rolls-Royce stock, although has trimmed its target price from 1,160 pence to 1,130 pence, which still represents upside potential of 26% for the British group.
In its report, the broker says that it sees more dynamic orders for the group and increased flying hours for its fleet of engines. UBS adds that the group's long-term profit sharing plan backs its forecasts for its free cash flow.
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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.
In its report, the broker says that it sees more dynamic orders for the group and increased flying hours for its fleet of engines. UBS adds that the group's long-term profit sharing plan backs its forecasts for its free cash flow.
Copyright (c) 2019 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.