Berenberg analyst George McWhirter downgraded MTU Aero Engines (MTUAY) to Hold from Buy with a price target of EUR 350, down from EUR 420. The firm is turning more cautious on the civil aftermarket.
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Read More on MTUAY:
- Jefferies Reiterates Buy on MTU Aero Engines as Strong Q1 Cash Flow Supports Outlook and Keeps $410 Price Target Unchanged
- MTU Aero Engines downgraded to Sell from Neutral at UBS
- MTU Aero Engines price target lowered to EUR 428 from EUR 449 at Deutsche Bank
- MTU Aero Engines initiated with an Outperform at BNP Paribas
- MTU Aero Engines price target lowered to EUR 350 from EUR 400 at UBS