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MTU Aero Engines price target raised to EUR 470 from EUR 430 at Jefferies

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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