In a report released today, Chloe Lemaire from Jefferies maintained a Buy rating on MTU Aero Engines (0FC9 – Research Report), with a price target of €400.00.
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Chloe Lemaire has given her Buy rating due to a combination of factors including MTU Aero Engines’ impressive first-quarter performance, which exceeded expectations with a 16% increase in adjusted EBIT. This growth was primarily driven by strong performance in the Maintenance, Repair, and Overhaul (MRO) segment and a significant improvement in the Original Equipment Manufacturer (OEM) margin.
Despite adjustments in foreign exchange assumptions, MTU Aero Engines maintained its full-year EBIT and free cash flow guidance, which helped alleviate some market concerns. Additionally, even though there are potential headwinds from direct tariffs, these have not been factored in yet, suggesting a level of resilience in MTU’s financial outlook. As a result, MTU Aero Engines remains a top pick in the civil aerospace sector, with a price target adjustment to €400 due to currency revisions.
According to TipRanks, Lemaire is a top 25 analyst with an average return of 33.5% and an 88.19% success rate. Lemaire covers the Industrials sector, focusing on stocks such as Airbus Group SE, BAE Systems, and Rolls-Royce Holdings.
In another report released today, Kepler Capital also upgraded the stock to a Buy with a €350.00 price target.