Citi analyst Charles Armitage upgraded MTU Aero Engines to Buy from Neutral with a price target of EUR 217, down from EUR 242. The analyst cites valuation for the upgrade with the shares down EUR 70 since the most recent GTF problems first emerged on July 25.
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Read More on MTUAY:
- MTU Aero Engines price target lowered to EUR 198 from EUR 237 at Barclays
- MTU Aero Engines price target lowered to EUR 235 from EUR 265 at JPMorgan
- MTU Aero Engines price target lowered to EUR 210 from EUR 229 at Deutsche Bank
- MTU Aero Engines price target lowered to EUR 240 from EUR 280 at Jefferies
- MTU Aero Engines price target lowered to EUR 265 from EUR 295 at JPMorgan
