Analyst Chloe Lemaire from Jefferies maintained a Buy rating on MTU Aero Engines and keeping the price target at €470.00.
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Chloe Lemaire’s rating is based on a combination of factors including the current state of MTU Aero Engines’ operations and market conditions. Despite the challenges in the number of aircraft on ground (AoG), which remains higher than desired, there is a noticeable growth in fleet flight hours, driven by the LEAP engines. This indicates a positive trend in operational metrics that could benefit the company in the long run.
Additionally, while the return of aircraft to service has been slower than anticipated, there is a focus on bringing back those stored for extended periods, suggesting improvements in parts availability. This gradual recovery, coupled with the expectation that parts availability will normalize later in the year, supports a positive outlook for MTU Aero Engines, justifying the Buy rating.
In another report released on September 1, Kepler Capital also maintained a Buy rating on the stock with a €400.00 price target.
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of 0FC9 in relation to earlier this year.