RBC Europe has turned bullish on Rolls-Royce, highlighting that the company has moved past a challenging decade and is well-positioned for growth in both civil narrowbody and widebody aircraft engines. The London-listed group also has promising prospects in its power systems segment, which RBC expects could grow around 10% annually in the midterm. Analysts at RBC Europe see the potential for continued outperformance and have initiated coverage of Rolls-Royce with an outperform rating and a price target of £12.75. Shares closed at £10.95 on Monday.