Rolls-Royce's 'upbeat' first-quarter shows notable recovery - analyst

Deutsche Bank reiterated a Buy rating on Rolls-Royce after an upbeat first-quarter update, citing engine flying hours already at the lower end of the company’s full-year guidance range. The note points to supportive operational momentum and suggests the company remains on track versus its outlook. The news is positive for sentiment but is likely to have only a modest near-term impact on the stock.

Analysis

Deutsche Bank reiterated a Buy rating on Rolls-Royce after an upbeat first-quarter update, citing engine flying hours already at the lower end of the company’s full-year guidance range. The note points to supportive operational momentum and suggests the company remains on track versus its outlook. The news is positive for sentiment but is likely to have only a modest near-term impact on the stock.