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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MTUAY:
- MTU Aero Engines price target raised to EUR 430 from EUR 375 at JPMorgan
- MTU Aero’s Earnings Call: Strong Growth and Ambitious Targets
- MTU Aero Engines’ Strong Q2 Performance and Raised Guidance Support Buy Rating
- MTU Aero Engines: Strong Aftermarket Performance and Cash Flow Mitigate Forex Concerns, Supporting Buy Rating
- Positive Outlook for MTU Aero Engines Amid Fleet Recovery and Strong Demand