Rolls-Royce downgraded to Equal Weight from Overweight at Barclays

Barclays analyst Charlotte Keyworth downgraded Rolls-Royce to Equal Weight from Overweight with a price target of 145 GBp, up from 110 GBp. The macro China reopen trade is now priced into the shares, and investors should go back to focusing on Rolls-Royce’s fundamentals, performance improvement, and the turnaround, the analyst tells investors in a research note.