Jefferies initiated coverage of AAR Corp. (AIR) with a Buy rating and $100 price target Since 2023, AAR’s five deals have transformed it into having a full-service aviation aftermarket portfolio, enabled by an intellectual property stack and recurring software solutions, the analyst tells investors. The diversification into predictable, higher-margin channels “gives credibility” to the firm’s estimate 11% growth compound annual growth rate to 2028, the analyst added.
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