Rolls-Royce : TP lifted to 465p - Still far from cruising speed
>Acceleration of flying hours: solid transport demands and market share gains - After reaching 88% of the 2019 level in FY 2023, we see large engine flying hours (EFH) on the high end of the guidance range for FY 2024 at 106% of 2019. The strength of transport demand combined with the market share gains we expect (c35% of the wide-body installed base at the end of FY 2023 is made up of Trent/RB211 engines and c37%e in FY 2027), mainly driven by the Trent XWB (increas...Rolls Royce Holdings is an engineering company. Co. is organised into five businesses: civil aerospace, which develops, manufactures, markets and sells commercial aero engines and aftermarket services; defense aerospace, which develops, manufactures, markets and sells military aero engines and aftermarket services; power systems, which develops, manufactures, markets and sells reciprocating engines and power systems; marine, which is develops, manufactures, markets and sells marine-power propulsion systems and aftermarket services; and nuclear, which develops, manufactures, markets and sells nuclear systems for civil power generation and naval propulsion systems.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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