JPMorgan upgraded Rolls-Royce to Overweight from Neutral with a price target of 400 GBp, up from 235 GBp. The analyst now believes that a much higher percentage of the company’s long-term service agreements advances will convert into profit.
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Read More on RYCEY:
- Rolls-Royce upgraded to Outperform from Neutral at Oddo BHF
- Rolls-Royce price target raised to 310 GBp from 210 GBp at Deutsche Bank
- Rolls-Royce upgraded to Overweight from Equal Weight at Morgan Stanley
- Rolls-Royce upgraded to Overweight from Equal Weight at Barclays
- Rolls-Royce to cut 2,500 positions, Sky News reports