Rolls-Royce sticks to outlook despite supply chain woes
Rolls-Royce has stuck to its guidance for profit growth this year as a surge in international travel continues to drive demand for its aircraft engines despite persistent supply chain challenges. Shares in the FTSE 100 group fell nearly 4 per cent in early trading in London on Thursday after hitting a new 52-week high of 572.
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JPMorgan raised the firm’s price target on Rolls-Royce (RYCEY) to 655 GBp from 535 GBp and keeps an Overweight rating on the shares. Published first on TheFly – the ultimate source for real-time, ...
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