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UBS has raised its price target for MTU Aero Engines from 320 to 370 euros while maintaining a "Buy" rating. Analyst Ian Douglas-Pennant anticipates optimistic targets for 2025 to be announced on November 29, despite already high expectations for the capital market day. Long-term potential is seen with the addition of GTF engines to the service business.
UBS has increased its price target for MTU Aero Engines from 320 to 370 euros, maintaining a "Buy" rating. Analyst Ian Douglas-Pennant anticipates optimistic targets for 2025 to be announced on November 29, despite already high expectations for the capital market day. Long-term potential is seen with the addition of GTF engines to the service business.
UBS has increased its price target for MTU from 320 to 370 euros, maintaining a "Buy" rating. Analyst Ian Douglas-Pennant anticipates optimistic targets for 2025 to be announced on November 29, despite already high expectations for the capital market day. Long-term potential is seen with the addition of GTF engines to the service business.
Swiss bank UBS has increased its price target for MTU from 320 to 370 euros, maintaining a "buy" recommendation. Analyst Ian Douglas-Pennant anticipates optimistic targets for 2025 to be announced on November 29, with high expectations for the upcoming capital market day. Long-term potential is seen as GTF engines enter the service business.
MTU Aero Engines AG is a leading manufacturer of modules and components for civil and military aircraft engines, with a strong focus on maintenance, repair, and overhaul services, which account for 77.2% of its sales. The company generates 67.1% of its revenue from North America, with additional sales from Germany (12.5%), Europe (7.5%), Asia (7%), and other regions (5.9%).
UBS has raised its target price for MTU to €370, maintaining a 'Buy' rating. The stock closed at €318.00, reflecting a 2.48% increase, with trading activity across various exchanges showing slight variations in price. The annual high and low for the stock are €326.10 and €173.75, respectively.
Investors are closely monitoring economic data as the US election looms, with a key speech by Christine Lagarde expected to influence monetary policy. Upcoming reports include purchasing managers' indices and the ifo index, which may provide insights into the German economy. Following a record high of 19,674 points, profit-taking is anticipated, with a trading range between 19,000 and 20,000 points in focus.
IG
The DAX 40 is eyeing the 20,000 points mark as the reporting season unfolds, with key German companies like SAP, Deutsche Bank, and Porsche set to release quarterly figures. German producer prices have dropped more than expected, potentially influencing ECB interest rate decisions, while U.S. economic indicators, including the "Beige Book," will also be closely monitored. Geopolitical tensions and upcoming speeches from Fed members add to the market's volatility this week.
IG
UBS AG has maintained a "Buy" rating for MTU Aero Engines, setting a target price of 320 euros following a positive forecast adjustment and strong Q3 results that surpassed market expectations in both new and spare parts business as well as commercial maintenance. On the day of the analysis, MTU shares rose by 5.2% to EUR 304.80, indicating a growth potential of 4.99% relative to the target price, with a notable 57.4% increase in share price throughout 2024. The quarterly results for Q3 2024 are anticipated on October 24, 2024.
UBS AG has maintained a "Buy" rating for MTU Aero Engines, setting a target price of 320 euros after a positive analysis of the company's third-quarter performance, which surpassed market expectations in both new and spare parts, as well as commercial maintenance. The share price rose by 5.2% to EUR 304.80, indicating a potential upside of 4.99% to the target price. Since the start of 2024, MTU's shares have increased by 57.4%, with Q3 2024 financial figures expected to be released on October 24, 2024.
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