UBS has increased its target price for MTU Aero Engines to €370, while maintaining a 'Buy' rating.
The stock closed at €318.00, showing a 2.48% gain from the previous trading day. Trading activity on various exchanges indicated positive performance for MTU shares, with prices reaching €317.90 in Hamburg and €316.80 on Xetra. The stock's highest price in the past year was €326.10, while the lowest was €173.75.
Market sentiment seems to be positive, as seen in the rise of share prices across multiple trading venues, including a significant increase of 5.62% in Nasdaq OTC trading. Investors are closely monitoring MTU's performance following UBS's optimistic outlook.