MTU Aero Engines upgraded to "buy"

24.10.08 - Deutsche Bank

LONDON, October 24 (newratings.com) - Analyst Benjamin Fidler of Deutsche Bank upgrades MTU Aero Engines Holding AG (MTX) from "hold" to "buy." The target price is set to ?25.

In a research note published this morning, the analyst mentions that the valuation of the company?s stock now appears attractive. MTU Aero Engines has reported healthy 3Q results, with EBITDA ahead of the estimates, the analyst says. The company?s MRO business witnessed further margin expansion in the quarter, Deutsche Bank adds.