JPMorgan has revised its price target for MTU Aero Engines (MTUAY, Financial), bringing it down to EUR 375 from the previous target of EUR 415. Despite this reduction, the firm remains optimistic about the company's future, maintaining an Overweight rating on the shares.
Analyst David Perry, who is responsible for the latest evaluation, suggests that while the price adjustment reflects certain updated assessments, the overall outlook for MTU Aero Engines remains positive in the eyes of JPMorgan. The Overweight rating indicates that the firm expects the stock to perform better than the average of the market.
