Rolls-Royce share price receives a rare analyst downgrade

Rolls-Royce (LON: RR) share price drifted downwards on Tuesday after the industrial giant received a rare downgrade. The stock, which peaked at 313p in December, retreated to a low of 292p, the lowest point on January 5th. Despite the retreat, it is one of the best-performing FTSE 100 constituents as it jumped by over 180% from its lowest point in 2023.Rolls Royce shares chart The main reason for the retreat is a negative note from Berenberg analysts who warned that the rally was overstretched. In their not ...