Jonathan Siegmann CFA, an analyst from Stifel Nicolaus, has initiated a new Buy rating on Tat Techno (TATT).
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Jonathan Siegmann CFA’s rating is based on Tat Techno’s strategic refocus on the aviation MRO services sector, which is currently experiencing significant growth. The company benefits from long-term agreements and a substantial backlog, which are expected to drive sustained revenue growth. Additionally, Tat Techno is positioned to expand its market through targeted acquisitions, supported by a strong balance sheet.
Moreover, the elimination of legacy private equity ownership has been a positive development, enhancing investor confidence. The anticipated redomiciliation to the US is viewed as a strategic move that could further bolster the company’s market presence. These factors collectively support the Buy rating and the price target of $44, reflecting the potential for mid-teens cash and earnings growth.
According to TipRanks, Siegmann CFA is a 3-star analyst with an average return of 6.7% and a 45.45% success rate. Siegmann CFA covers the Industrials sector, focusing on stocks such as Kratos Defense, AeroVironment, and Booz Allen.
In another report released today, Lake Street also maintained a Buy rating on the stock with a $40.00 price target.