Rolls-Royce price target raised to 1,290 GBp from 920 GBp at Jefferies

Jefferies analyst Chloe Lemarie raised the firm’s price target on Rolls-Royce (RYCEY) to 1,290 GBp from 920 GBp and keeps a Buy rating on the shares. Civil aerospace momentum is accelerating, aftermarket upgrades are broad-based, and defense valuations “offer good entry points into an attractive supercycle,” the analyst tells investors in a sector note. In addition to making two upgrades, the firm raised price targets across key names in its European Aerospace & Defense coverage.