Citi Upgrades MTU Aero Engines to Buy on Cash Conversion

By EC Assets · Published 24 September 2026

Citi has double-upgraded MTU Aero Engines to a Buy rating. The upgrade cites an inflection in cash conversion. The bank also raised the price target for the German engine maker. Citi increased MTU Aero Engines' price target to €445. This new target implies a potential upside of approximately 25%. Citi's previous rating on MTU Aero Engines was Sell. Previously, Citi had downgraded MTU Aero Engines from Neutral to Sell. This downgrade was based on Citi's detailed financial analysis. The previous downgrade cited slower growth and weaker cash conversion. This article is intended for informational purposes only. It does not constitute investment advice.