Berenberg analyst Philip Buller downgraded Rolls-Royce to Sell from Hold with a price target of 240 GBp, up from 100 GBp. The analyst says pricing, the most important factor for Rolls-Royce’s intrinsic valuation, will be a challenge, given current reliability issues for key engines, which serve an airline industry that typically operates on low margins and appears to be approaching peak earnings.
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- Delta Air Lines to purchase 20 A350-1000s from Airbus
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- Rolls-Royce price target raised by 90 GBp at Deutsche Bank
- Rolls-Royce price target raised by 165 GBp at JPMorgan
