FRANKFURT (dpa-AFX) - MTU shares were a bright spot in the weak DAX on Thursday. While the German benchmark index fell by 0.8 percent due to uncertainty surrounding the war in the Middle East, shares in the engine manufacturer remained up 0.7 percent, setting a new record. Following a buy recommendation from Deutsche Bank, they even gained 2.7 percent at their peak. They were traded above the 370 euro mark for the first time.

Christophe Menard of Deutsche Bank cited three reasons for his buy recommendation, which he issued despite the record high share price: The outlook until 2030 is better than expected, the previously cautious assessment of the GTF turbine program is now less appropriate, and in view of new medium-term targets, a longer horizon can now be factored into the price.

MTU shares rose by almost 15 percent in 2025 despite a significant dip in March and April surrounding US President Donald Trump's tariff announcements. The rally last year was much more pronounced, with the share price roughly doubling. /tih/jha/

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