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Jefferies lowered the firm’s price target on MTU Aero Engines (MTUAY) to EUR 400 from EUR 430 and keeps a Buy rating on the shares. The company pre-released solid Q1 results but direct tariffs are a headwind, the analyst tells investors in a research note. The firm cut estimates on currency revisions and keeps MTU as its civil top pick.

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• MTU Aero Engines upgraded to Buy from Hold at Kepler Cheuvreux

• MTU Aero Engines price target lowered to EUR 375 from EUR 415 at JPMorgan

• RTX, MTU Aero Engines expand GTF overhaul capacity

• MTU Aero Engines price target lowered to EUR 355 from EUR 375 at Barclays