(News Bulletin 247) – Jefferies reaffirms its ‘buy’ recommendation on Rolls-Royce, its favorite value in the sector, with a price target raised from 210 to 310 pence, reflecting the adoption of its previous optimistic scenario as a new scenario for basis for the motorist.
‘The first half results proved that our blue sky scenario for Rolls-Royce was too conservative, with a margin of 12.5% ​​already achieved in the civil sector’, points out the broker in the summary of its note.
‘With more to come from volumes in the aftermarket and potential cost savings’, Stifel now expects a margin in the civil sector of more than 15% in 2025, and 12.4% at the level of the whole group.
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