Deutsche Bank analyst Christophe Menard upgraded Rolls-Royce to Buy from Hold with a price target of 136 GBp, up from 90 GBp. As supply chain issues linger, airlines will rely on the servicing of existing fleets to keep up with continued customer demand in 2023, and Rolls-Royce is well positioned to benefit, the analyst tells investors in a research note.
Published first on TheFly
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