Tonix Pharmaceuticals stock halted ahead of FDA approval news
Investing.com - Deutsche Bank raised its price target on MTU Aero Engines (ETR:MTX) to €430.00 from €425.00 while maintaining a Buy rating on the stock. According to InvestingPro data, the stock is currently trading near its 52-week high of $229.06, with an impressive 53.7% return over the past year.
The German aircraft engine manufacturer delivered what Deutsche Bank described as an "impressive" second-quarter performance, despite what the firm characterized as an initially lukewarm market reception to the results. The company’s strong performance is reflected in its robust revenue growth of 45.2% over the last twelve months, as reported by InvestingPro, which rates the company’s overall financial health as "GOOD."
MTU Aero Engines has maintained its fiscal year 2025 guidance, though Deutsche Bank indicated a potential guidance upgrade could come in the third quarter, noting that new engine and MRO organic sales growth have already exceeded the company’s full-year 2025 targets.
The firm highlighted that MTU’s commercial original equipment sales grew 37% in the second quarter, though organic growth was 5%, with the difference attributed to a higher proportion of spare engine sales that don’t receive discounts, resulting in higher net sales proceeds.
Deutsche Bank also pointed to expected second-half improvements in spare parts and military sales, along with progress in the GTF fleet management plan, which it believes supports MTU’s fiscal year 2030 ambitions.
In other recent news, Deutsche Bank has adjusted its price target for MTU Aero Engines AG to EUR 356 from the previous EUR 337, maintaining a Hold rating on the stock. This decision came after a series of meetings with MTU Aero Engines’ CFO Peter Kameritsch, his successor Katja Garcia Vila, and Investor Relations officer Claudia Heinle. These discussions took place during a roadshow in Frankfurt and at the Deutsche Bank European Champions conference. MTU Aero Engines has announced plans to reveal its mid-term growth objectives at the Paris Air Show on June 17. These objectives will include projections for various business segments, expected earnings before interest and taxes (EBIT) margins, and cash conversion rates. Investors are keenly watching for these announcements as they could provide insight into the company’s future performance. The recent developments reflect MTU Aero Engines’ strategic planning and engagement with investors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.