Rolls-Royce shares could rocket 50% after stellar two-year rally, analysts claim
Analysts at Bank of America have predicted that shares in engineering behemoth Rolls-Royce could surge by an additional 50% following an already impressive two-year rally.
On Friday, analyst Benjamin Heelan raised his price target from 830p to 1,150p, as reported by Bloomberg, which led to a mid-day share price increase of over three per cent, as reported by City AM.
This news arrived just one day after the London-listed company reinstated dividend payo
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