The Point for Europe

Citi Research highlights Buy ratings for Rosebank and positive valuation triggers for EasyJet, while significantly raising copper price targets to $15,000/t.

Key Takeaways

• 1.Rosebank Industries (ROSE.L) coverage is resumed with a Buy rating and £4.50 target price following substantial acquisitions of CPM and MW Components.
• 2.EasyJet's owned fleet valuation suggests significant embedded value, with calculations indicating a potential share price 70-100% above current levels.
• 3.Copper price forecasts have been revised upward to $14,500/t near-term and $15,000/t within 12 months due to US tariff fears and supply underperformance.

Table of Contents

• Top Call
• Company
• Industry
• Strategy & Economics
• Commodities
• Key Rating and Target Price Changes