(CercleFinance.com) – The stock is down more than 2% on the London Stock Exchange after analysis by Credit Suisse. The analysis office degrades its opinion directly from 'outperformance' to 'underperformance' on the title of the British engine manufacturer Rolls-Royce, with a price target drastically reduced from 1070 to 245 pence.
The broker indicates lowers its hypothesis of free cash flow by 2024 by around 60%, to 0.8 billion pounds sterling, and warns that 'the risks are directed downwards' on its new target price, which n 'indicates no potential for progress.
'As a result, Rolls-Royce is likely to underperform its European peers as Airbus, which has both the potential to significantly increase its share price and exposure to the more attractive market for narrow-body aircraft, 'he continues.
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