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“Shares to watch include Rolls-Riyce Holdings PLC, up 2.2%, after Cit became the latest broker to increase its price target.
Citi has a set a 431p price target for the engineering firm. On Friday, UBS and Deutsche Bank raised their price targets for Rolls to 400p. “
Https://uk.finance.yahoo.com/news/3-ftse-100-stocks-could-072000787.html
A rating upgrade is due in a few months, making it an investment grade. It’s a very significant event for share price as plenty of pension funds will buy here. Nettles £7 in Feb 25 is well within reach.
They shouldn’t have declared dividends earlier. That was a mistake. Apparently they thought it will push up the share price but it didn’t happen.
Now they want to deleverage which is good. Hopefully this will do good to the share price in a few months.
A new ceo would be good imo.
I’m staying in and hoping for a recovery in the next two years.
Https://invezz.com/news/2023/09/21/rolls-royce-share-price-forms-an-extremely-rare-bullish-pattern/