RBC Capital raised the firm’s price target on AAR Corp. (AIR) to $85 from $75 and keeps an Outperform rating on the shares. The company reported strong Q4 results with total revenue growth of 15% while its adjusted operating income of $76.9M beat consensus by 13%, the analyst tells investors in a research note. AAR remains confident in the industry fundamentals, and should benefit from strong aftermarket spending, the firm added.
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