(CercleFinance.com) – Rolls-Royce shares today lost nearly 10% on the London Stock Exchange after jumping nearly 20% on Friday following market speculation about a potential takeover.
‘Rolls-Royce is regularly mentioned as a takeover target, but the value would discourage purely opportunistic deals,’ says Jefferies.
‘BAE Systems may appear as a potential acquirer, but such major diversification conflicts with the priority given by management to one-off transactions and cash returns’ adds the analyst.
Jefferies confirms its Hold view on the stock with a price target of 95p.
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