Jefferies keeps its EUR 460 target for MTU stock

Published on 10/21/2026 at 09:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter results are scheduled for October 28, 2026. MTU stock costs EUR 344.70 on October 21, 2026 at Lang & Schwarz during trading.

Cash flow and reporting dates

Jefferies kept its EUR 460 target for MTU on October 13, 2026.
First-half 2026 revenue increased 13 percent to EUR 4.7 billion.
MTU stock traded at EUR 344.70 at 9:42 a.m. CEST on October 21, 2026 at Lang & Schwarz.
Third-quarter results are scheduled for October 28, 2026.

Isometrische 3D-Illustration einer Triebwerksproduktionskette — Isometrische 3D-Grafik der Triebwerksfertigung erklärt Wertschöpfungskette von MTU Aero Engines AG DE000A0D9PT0, Illustration mit AI erstellt.

MTU Aero Engines (ISIN DE000A0D9PT0) was trading at EUR 344.70 at Lang & Schwarz on October 21, 2026, at 9:42 a.m. CEST. Jefferies kept its Buy rating and EUR 460 price target for the engine manufacturer in an outlook dated October 13, 2026, according to FinanzNachrichten.

Analysts set a high bar

Jefferies analyst Chloe Lemarie said MTU could have performed well in the third quarter and retain the upper end of its full-year outlook. The EUR 460 target was unchanged, leaving the analyst view focused on execution rather than a fresh target increase.

Deutsche Bank Research took a more active step on October 6, 2026, raising its target from EUR 435 to EUR 457 while maintaining a Buy rating. The bank forecast 10 percent revenue growth for the third quarter, as FinanzNachrichten reported.

What does cash flow mean?

MTU entered the results period with stronger cash generation. In the first half of 2026, revenue increased 13 percent to EUR 4.7 billion, adjusted EBIT rose 5 percent to EUR 692 million, and free cash flow reached EUR 294 million, up 39 percent from the prior-year period, according to the Yahoo Finance earnings transcript. Management raised its full-year cash conversion guidance to 50 percent to 60 percent from 45 percent to 55 percent.

Three dated signals for MTU

On October 6, 2026, Deutsche Bank Research raised its target to EUR 457. On October 9, 2026, RBC maintained a Neutral rating with a EUR 365 target. On October 13, 2026, Jefferies kept its Buy rating and EUR 460 target.

Results date is October 28

The next scheduled reporting date is October 28, 2026, for third-quarter results, according to MarketScreener. The event matters because the current analyst targets depend on delivery of the 2026 outlook and continued cash conversion progress.

MTU keeps its operating focus

MTU describes commercial and military engine production, development and maintenance as its core activities. Historical figures on the company's investor-relations page show adjusted 2025 revenue of EUR 8.7 billion, adjusted EBIT of EUR 1.351 billion and adjusted free cash flow of EUR 378 million, providing a reference point for the stronger first-half 2026 cash flow, according to MTU Aero Engines.

Stock price and upcoming results

The immediate test for the shares is the October 28 reporting date, with analysts watching revenue growth, adjusted EBIT and cash conversion against the targets already in place. MTU Aero Engines was trading at EUR 344.70 at Lang & Schwarz on October 21, 2026, at 9:42 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of MTU stock.