UBS upgraded MTU Aero Engines to Buy from Neutral with a price target of EUR 205, down from EUR 230. While UBS shares market concerns around GTF contamination costs and long-term market share, the firm believes that the recent derating is overdone, the analyst tells investors in a research note.
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- MTU Aero Engines price target lowered to EUR 192 from EUR 244 at Morgan Stanley
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