Analyst Chloe Lemaire from Jefferies maintained a Buy rating on MTU Aero Engines and keeping the price target at €430.00.
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Chloe Lemaire’s rating is based on the observation of MTU Aero Engines’ fleet recovery dynamics. The company’s GTF AoG tracker indicates a slight increase in storage numbers, but a significant portion of the fleet is returning to service, particularly those stored for extended periods. This trend suggests an improving situation in parts availability, which is crucial for the company’s operational efficiency.
Furthermore, the growth in flight hours, driven by fleet expansion, is outpacing competitors like LEAP, indicating strong demand and utilization of MTU Aero Engines’ products. Despite the temporary increase in storage, the focus on bringing long-stored aircraft back into service reflects positively on the company’s ability to manage its fleet effectively. These factors contribute to a positive outlook for MTU Aero Engines, justifying Chloe Lemaire’s Buy rating.
Lemaire covers the Industrials sector, focusing on stocks such as MTU Aero Engines, Rheinmetall, and Airbus Group SE. According to TipRanks, Lemaire has an average return of 40.3% and a 92.47% success rate on recommended stocks.
In another report released on July 3, UBS also maintained a Buy rating on the stock with a €450.00 price target.