Stifel resumed coverage of MTU Aero Engines with a Buy rating and EUR 250 price target. The analyst believes MTU is the most attractive “pure-play” aero engine story in the sector “that was unfairly affected by a manufacturing hiccup at a Raytheon plant.” The firm views consensus estimates as “too cautious” on spare part sales, saying the supply chain constraints for airframers may linger for longer than expected.
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Read More on MTUAY:
- MTU Aero Engines downgraded to Neutral from Buy at UBS
- MTU Aero Engines price target lowered to EUR 237 from EUR 248 at Barclays
- MTU Aero Engines price target lowered to EUR 229 from EUR 260 at Deutsche Bank
- MTU Aero Engines upgraded to Neutral from Underperform at Exane BNP Paribas
- MTU Aero Engines price target raised to EUR 238 from EUR 237 at Goldman Sachs