RBC Capital raised the firm’s price target on AAR Corp. (AIR) to $125 from $105 and keeps an Outperform rating on the shares after its “strong” Q3 results. The company’s revenue and EBITDA margins were ahead of the firm’s expectations, and the management did not signal any concern with the Iran impact on demand, the analyst tells investors in a research note. Strength was broad based, with commercial sales up 27% and government sales up 19%, RBC added.
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