Rolls Royce Shares Still Getting Crushed — Here’s New Reason Why

Rolls Royce stock slumped Thursday after analysts at JP Morgan cut their price target for the shares less than a month before the engine manufacturer reports full-year results. JP Morgan slashed its target to 730 pence , from 890 pence, in the latest sign of deteriorating investor sentiment toward the company – since it emerged Airbus has had to postpone a number of A380 deliveries.