UBS AG has reiterated its "Buy" rating for MTU Aero Engines, with a target price of €320, following positive adjustments in forecasts and strong third-quarter results.
Analyst Kseniia Maslova highlighted that the engine manufacturer exceeded market expectations in new and spare parts sales, as well as commercial maintenance services.
MTU Aero Engines shares on XETRA trading rose by 5.2% to €304.80, indicating potential for further growth, with a difference of 4.99% from the target price.
Today's trading volume reached 190,636 shares, and the stock has experienced a significant increase of 57.4% since the beginning of 2024.
The company is scheduled to announce its Q3 2024 financial figures on October 24, 2024.