(CercleFinance.com) – AlphaValue announced Thursday evening the raising of its recommendation on Rolls-Royce, passed to ‘lighten’ against ‘sell’ so far, with a price target also raised, from 99.1 to 114 pence .
In a research note, the design office believes that the long-term fundamentals of the British engine manufacturer are no longer as solid as before.
AlphaValue notes that when it comes to long-haul aircraft, Rolls-Royce is exposed to a category of aircraft that may lose market share vis-à-vis the new Airbus A321 XLR, a device that can travel long distances. going up to 9,000 km, 50% more than current devices.
‘The impressive order book of this device, which is to be launched in 2023, attests to its future success’, explains the Parisian firm in a study.
Under these conditions, Rolls-Royce has no choice but to focus on its ambitions in nuclear, continues AlphaValue, which recommends investors to stay away from value.
Copyright © 2021 CercleFinance.com. All rights reserved.
The information and analyzes disseminated by Cercle Finance only constitute decision support for investors. Cercle Finance cannot be held liable directly or indirectly following the use of information and analyzes by readers. It is recommended that anyone who is not informed to consult a professional adviser before any investment. This indicative information in no way constitutes an invitation to sell or a solicitation to buy.
Did you like this article ? Share it with your friends with the buttons below.
