UBS AG has increased its price target for MTU Aero Engines from 320 to 370 euros while keeping a "Buy" rating.
Analyst Ian Douglas-Pennant expects the company to announce positive targets for 2025 during its upcoming capital market day on November 29.
Despite already high expectations for the event, the analyst believes that MTU has significant long-term potential, especially with the integration of GTF engines into its service business.
The revised outlook reflects a growing confidence in MTU's future performance and strategic direction.