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Investing.com - RBC Capital initiated coverage on Rolls-Royce Holdings Plc. (LON:RR) (OTC:RYCEY) with an Outperform rating and a price target of GBP12.75.
The research firm cited the company’s improved performance under current management, noting that Rolls-Royce is now on "steady footing" following a turnaround in recent years.
RBC Capital’s analysis suggests that Rolls-Royce’s current widebody civil engine portfolio alone could account for approximately 70% of the company’s market capitalization, despite representing only about 37% of sales.
The firm highlighted additional upside potential beyond its sum-of-the-parts price target of 1275 pence, specifically mentioning the next-generation Ultrafan engine and SMR (Small Modular Reactor) exposure as opportunities.
RBC Capital also noted that Rolls-Royce’s projected 4.4% free cash flow yield for 2026 compares favorably to the peer average of 3.2%.
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