MTU Aero Engines price target raised to EUR 300 from EUR 280 at Jefferies

Jefferies raised the firm’s price target on MTU Aero Engines to EUR 300 from EUR 280 and keeps a Buy rating on the shares ahead of the company’s Q2 results on August 1. The firm expects a solid quarter, reflecting a “catchup on spare parts momentum” after a slow Q1. It anticipates no change to the fiscal 2024 guide beyond a potential narrowing of free cash flow range.