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Down 7.5% since the peak, has the Rolls-Royce share price collapse started?
['Alan Oscroft', 'Thu January At Pm Gmt', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
share price hit a high of 1,306.6p on 14 January.
But just a fortnight later on 28 January, it closed 7.5% down from that peak, at 1,208p.
Morgan Stanley just raised its Rolls-Royce share price target to 1,500p — up from earlier guidance of 1,280p, and 24% ahead of where the stock last closed.
My fear is one single thing could derail Rolls-Royce shares at this point.
That’s to ignore snappy strategy quotes — and don’t base decisions on share price alone.