Chloe Lemaire, an analyst from Jefferies, maintained the Buy rating on MTU Aero Engines. The associated price target remains the same with €430.00.
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Chloe Lemaire’s rating is based on MTU Aero Engines’ impressive financial performance in the second quarter. The company exceeded expectations with a 19% beat on EBIT, which significantly improved their profit margins to 17.4%. This strong performance was largely driven by the OEM division, which benefited from a favorable mix of spare parts and engines.
Furthermore, the positive results from the second quarter have alleviated any lingering concerns about foreign exchange challenges affecting the company’s financial outlook through fiscal year 2025. The confirmation of the recently raised guidance adds further confidence in the company’s future performance, supporting the Buy rating.
In another report released on July 10, Deutsche Bank also maintained a Buy rating on the stock with a €425.00 price target.