1037 GMT - Rolls-Royce shares are up due to an upgrade in its price target by BofA Securities, which raised it to 1,615 pence from 1,440 pence. The U.K. engine maker should experience another strong year as its execution continues to exceed expectations, BofA analysts say. Rolls-Royce's collaboration with aerospace company Pratt & Whitney on the GTF 2.0 engine would likely support the former's valuation over the mid-term, they note. Rolls-Royce's free cash generation is expected to remain strong, boosting hopes for shareholder returns in the coming years. There's scope for another buyback program being announced at Rolls-Royce's fiscal 2025 results in February, the analysts say. BofA reiterates its buy rating on the stock. Shares are up 1.3% at 11.05 pounds. (cristina.gallardo@wsj.com)
(END) Dow Jones Newswires
December 05, 2025 05:37 ET (10:37 GMT)
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