RE: DB target price 136;30 Jan 2023 09:26
CEO comments have certainly weighed on share price will need some big news to snap it out of this, Indian purchase might help a bit. Personally people panic selling on a down day makes no sense unless you’re expecting a big fall. You’d sell on an up day if you had concerns in your position. Defence spend is in focus across Europe again today so it’s not all bad for Rolls Royce. Central bank interest rises are priced in UK 0.5%, ECB 0.5% so unless the US go bigger than 0.25% markets will continue their uptrend. If the UK or the ECB go lower than 0.5% that helps too. CEO is better off staying quiet and not fuelling the storey over last few days, let it die down under its own steam and not give the media opportunity to drag it out.