Rolls-Royce Holdings PLC
RR.: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 935.00 | Rjhzygd | Vpdgzzj |
European Aerospace OEMs: Materially Increasing Our Fair Value Estimates; Safran Is Most Attractive
After taking a fresh look at Safran, MTU Aero Engines, and Rolls-Royce, we have confirmed our economic moat ratings but materially increased our fair value estimates to account for a post-COVID-19 air traffic recovery in civil aerospace and pent-up demand in the original equipment segment and aftermarket.