BofA analyst Ben Heelan double upgraded Rolls-Royce to Buy from Underperform with a price target of 175 GBp, up from 97 GBp. The analyst says bear thesis has played out while the shares are trading at an attractive valuation given the company’s strong free cash flow generation.
Published first on TheFly
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Read More on RYCEY:
- Rolls-Royce price target raised to 90 GBp from 70 GBp at JPMorgan
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- Rolls-Royce reports 2022 underlying EPS 1.95p vs. 11p last year
- Rolls-Royce price target raised to 105 GBp from 102 GBp at UBS
