A resurgence in global air traffic will continue in 2023, but airlines can't just go out and order new planes amid continued supply chain woes. That's where Rolls-Royce comes in.
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As supply chain issues linger, airlines will be relying on servicing of existing fleets to keep up with continued customer demand in 2023, and Rolls-Royce Holdings PLC is well placed to tap into that.
That’s according to Deutsche Bank, which upgraded Rolls-Royce UK:RR to buy from hold on Thursday, lifting its target price to 136 pence per share from 90 pence.
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