Jefferies analyst Chloe Lemarie raised the firm’s price target on MTU Aero Engines (MTUAY) to EUR 470 from EUR 430 and keeps a Buy rating on the shares. Civil aerospace momentum is accelerating, aftermarket upgrades are broad-based, and defense valuations “offer good entry points into an attractive supercycle,” the analyst tells investors in a sector note. In addition to making two upgrades, the firm raised price targets across key names in its European Aerospace & Defense coverage.
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