UBS raises MTU price target to 370 euros ahead of optimistic outlook

UBS has raised its price target for MTU from 320 euros to 370 euros, while keeping a "Buy" rating.

Analyst Ian Douglas-Pennant expects optimistic targets for 2025 to be announced on November 29, although expectations for the upcoming capital market day are already high.

In the long term, there is potential for further growth, especially with the integration of GTF engines into the service business.

This positive outlook reflects a favorable sentiment towards MTU's future performance in the aerospace sector.

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